SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Hits New 1-Year High – Here’s Why

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $37.25 and last traded at $37.21, with a volume of 157533 shares trading hands. The stock had previously closed at $36.70.

SPDR SSgA Multi-Asset Real Return ETF Stock Performance

The business has a 50 day moving average of $36.22 and a two-hundred day moving average of $33.85. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 17.02 and a beta of 0.47.

Institutional Trading of SPDR SSgA Multi-Asset Real Return ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors bought a new stake in SPDR SSgA Multi-Asset Real Return ETF during the 1st quarter worth approximately $28,000. Comerica Bank raised its position in shares of SPDR SSgA Multi-Asset Real Return ETF by 30.1% in the third quarter. Comerica Bank now owns 1,416 shares of the company’s stock worth $44,000 after buying an additional 328 shares in the last quarter. International Assets Investment Management LLC raised its position in SPDR SSgA Multi-Asset Real Return ETF by 3,685.7% during the first quarter. International Assets Investment Management LLC now owns 1,590 shares of the company’s stock valued at $57,000 after purchasing an additional 1,548 shares in the last quarter. Jones Financial Companies Lllp raised its position in 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 purchasing an additional 1,063 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of SPDR SSgA Multi-Asset Real Return ETF in the fourth quarter worth about $99,000.

About SPDR SSgA Multi-Asset Real Return ETF

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.