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

Shares of SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) reached a new 52-week high on Wednesday . The company 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 Performance

The stock has a market cap of $1.32 billion, a P/E ratio of 17.02 and a beta of 0.46. The company has a 50-day simple moving average of $35.66 and a 200-day simple moving average of $35.89.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors acquired a new stake in SPDR SSgA Multi-Asset Real Return ETF in the 1st quarter valued at about $28,000. Comerica Bank grew 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 valued at $44,000 after purchasing an additional 328 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of 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 during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of SPDR SSgA Multi-Asset Real Return ETF in the fourth quarter valued at approximately $99,000. Finally, Harbour Investments Inc. increased its holdings in shares of 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 purchasing an additional 692 shares in 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.