SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Sets New 12-Month High – Here’s Why

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $35.31 and last traded at $35.0560, with a volume of 10111 shares trading hands. The stock had previously closed at $34.85.

SPDR SSgA Multi-Asset Real Return ETF Stock Performance

The stock has a market capitalization of $737.85 million, a price-to-earnings ratio of 17.02 and a beta of 0.57. The firm has a fifty day moving average of $32.70 and a 200-day moving average of $31.38.

Institutional Investors Weigh In On SPDR SSgA Multi-Asset Real Return ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank grew its holdings in SPDR SSgA Multi-Asset Real Return ETF by 30.1% in the 3rd quarter. Comerica Bank now owns 1,416 shares of the company’s stock valued at $44,000 after buying an additional 328 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of SPDR SSgA Multi-Asset Real Return ETF by 99.2% during the third quarter. Jones Financial Companies Lllp now owns 2,135 shares of the company’s stock valued at $66,000 after acquiring an additional 1,063 shares during the period. EverSource Wealth Advisors LLC bought a new stake in SPDR SSgA Multi-Asset Real Return ETF during the fourth quarter worth about $99,000. Harbour Investments Inc. raised its position in SPDR SSgA Multi-Asset Real Return ETF by 14.9% in the 2nd quarter. Harbour Investments Inc. now owns 3,159 shares of the company’s stock valued at $92,000 after purchasing an additional 410 shares during the last quarter. Finally, JFS Wealth Advisors LLC acquired a new position in SPDR SSgA Multi-Asset Real Return ETF during the 4th quarter worth about $103,000.

SPDR SSgA Multi-Asset Real Return ETF Company Profile

The SPDR SSgA Multi-Asset Real Return ETF (RLY) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively-managed fund that attempts to hedge against inflation by investing in funds with exposure to real estate, commodities, TIPS and natural resources companies. RLY was launched on Apr 25, 2012 and is managed by State Street.