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

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $38.38 and last traded at $38.27, with a volume of 3713 shares changing hands. The stock had previously closed at $38.08.

SPDR SSgA Multi-Asset Real Return ETF Stock Performance

The business has a 50-day moving average of $36.39 and a 200-day moving average of $36.22. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 17.02 and a beta of 0.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RLY. Ascentis Independent Advisors purchased a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the 1st quarter worth approximately $28,000. Comerica Bank boosted its position in 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 purchasing an additional 328 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of SPDR SSgA Multi-Asset Real Return ETF by 3,685.7% in the 1st quarter. International Assets Investment Management LLC now owns 1,590 shares of the company’s stock worth $57,000 after buying an additional 1,548 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in SPDR SSgA Multi-Asset Real Return ETF during the second quarter worth about $92,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the 4th quarter worth approximately $99,000.

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.