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

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $37.43 and last traded at $37.43, with a volume of 1892 shares trading hands. The stock had previously closed at $36.98.

SPDR SSgA Multi-Asset Real Return ETF Stock Up 1.4%

The company has a market cap of $1.32 billion, a P/E ratio of 17.02 and a beta of 0.46. The business has a 50-day moving average price of $35.66 and a two-hundred day moving average price of $35.89.

Institutional Trading of SPDR SSgA Multi-Asset Real Return ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new stake in SPDR SSgA Multi-Asset Real Return ETF during the 1st quarter worth about $28,000. Comerica Bank raised its stake in shares of SPDR SSgA Multi-Asset Real Return ETF by 30.1% during the third quarter. Comerica Bank now owns 1,416 shares of the company’s stock worth $44,000 after buying an additional 328 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in SPDR SSgA Multi-Asset Real Return ETF by 3,685.7% in the first quarter. International Assets Investment Management LLC now owns 1,590 shares of the company’s stock valued at $57,000 after buying an additional 1,548 shares during the period. EverSource Wealth Advisors LLC bought a new position in SPDR SSgA Multi-Asset Real Return ETF in the fourth quarter valued at approximately $99,000. Finally, Harbour Investments Inc. boosted its stake in SPDR SSgA Multi-Asset Real Return ETF by 23.1% in the fourth quarter. Harbour Investments Inc. now owns 3,693 shares of the company’s stock valued at $116,000 after acquiring an additional 692 shares during the last quarter.

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.