ETF Trends
ETF Trends

SPDR SSgA Income Allocation ETF (NYSEArca: INKM), an active fund designed to provide investors with yield, experienced a massive spike in trading volume on Tuesday.

A large print in INKM “looked to be a sale of the actively managed ETF of ETFs,” WallachBeth Capital said in a note.

Some investors have been dumping high-yielding sectors as interest rates move up. [Rising Interest Rates are Hurting These ETFs the Most]

The ETF is currently paying a yield of about 4%.

“We’ve seen interest in INKM from taxable institutional pools of assets that want a steady stream of income with tax efficiency,” said Robert Trumbull, head of institutional ETF sales at State Street Global Advisors, in an interview earlier this year. [Multi-Asset ETFs Yielding Over 5%]

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