AlphaStar Capital Management LLC Cuts Position in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM)

AlphaStar Capital Management LLC reduced its stake in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) by 2.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 23,082 shares of the company’s stock after selling 657 shares during the quarter. AlphaStar Capital Management LLC’s holdings in SPDR SSgA Income Allocation ETF were worth $708,000 at the end of the most recent quarter.

Separately, Win Advisors Inc. bought a new stake in shares of SPDR SSgA Income Allocation ETF in the first quarter valued at $1,284,000.

SPDR SSgA Income Allocation ETF Trading Down 0.3 %

Shares of INKM stock traded down $0.09 on Tuesday, hitting $32.40. 881 shares of the stock were exchanged, compared to its average volume of 8,040. The firm’s 50 day moving average is $31.45 and its two-hundred day moving average is $31.06. SPDR SSgA Income Allocation ETF has a one year low of $27.78 and a one year high of $32.55. The firm has a market capitalization of $74.20 million, a PE ratio of 14.34 and a beta of 0.50.

About SPDR SSgA Income Allocation ETF

The SPDR SSgA Income Allocation ETF (INKM) is an exchange-traded fund that is based on the MSCI World index. The fund is an actively-managed, income-focused ETF of domestic and international ETFs with exposure to equities, investment-grade and high-yield debt, preferred stocks and REITs. INKM was launched on Apr 25, 2012 and is managed by State Street.