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) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $36.36 and last traded at $36.2410, with a volume of 13392 shares trading hands. The stock had previously closed at $36.12.

SPDR SSgA Multi-Asset Real Return ETF Stock Performance

The firm has a market capitalization of $757.07 million, a PE ratio of 17.02 and a beta of 0.57. The stock’s 50 day simple moving average is $33.65 and its two-hundred day simple moving average is $31.91.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RLY. Comerica Bank grew its holdings 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 valued at $44,000 after purchasing an additional 328 shares during the period. Jones Financial Companies Lllp boosted its holdings in SPDR SSgA Multi-Asset Real Return ETF by 99.2% in the 3rd 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 during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of SPDR SSgA Multi-Asset Real Return ETF in the 4th quarter valued at approximately $99,000. JFS Wealth Advisors LLC acquired a new stake in shares of SPDR SSgA Multi-Asset Real Return ETF during the 4th quarter worth approximately $103,000. Finally, Harbour Investments Inc. increased its holdings in shares of SPDR SSgA Multi-Asset Real Return ETF by 23.1% during the 4th quarter. Harbour Investments Inc. now owns 3,693 shares of the company’s stock worth $116,000 after buying an additional 692 shares during the last quarter.

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.