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

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) shares hit a new 52-week high on Wednesday . The company traded as high as $35.31 and last traded at $35.0560, with a volume of 10111 shares traded. The stock had previously closed at $34.85.

SPDR SSgA Multi-Asset Real Return ETF Price Performance

The firm has a market cap of $737.85 million, a price-to-earnings ratio of 17.02 and a beta of 0.57. The business’s 50-day moving average price is $32.70 and its two-hundred day moving average price is $31.38.

Institutional Investors Weigh In On SPDR SSgA Multi-Asset Real Return ETF

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of SPDR SSgA Multi-Asset Real Return ETF by 27.0% in the 1st quarter. Royal Bank of Canada now owns 8,131 shares of the company’s stock valued at $232,000 after purchasing an additional 1,729 shares in the last quarter. Jane Street Group LLC raised its holdings in SPDR SSgA Multi-Asset Real Return ETF by 243.1% in the first quarter. Jane Street Group LLC now owns 97,124 shares of the company’s stock valued at $2,772,000 after buying an additional 68,818 shares during the period. Davidson Trust Co. acquired a new position in SPDR SSgA Multi-Asset Real Return ETF during the second quarter valued at approximately $245,000. Harbour Investments Inc. grew its stake in SPDR SSgA Multi-Asset Real Return ETF by 14.9% during the second quarter. Harbour Investments Inc. now owns 3,159 shares of the company’s stock worth $92,000 after buying an additional 410 shares during the period. Finally, D.A. Davidson & CO. grew its stake in SPDR SSgA Multi-Asset Real Return ETF by 5.4% during the second quarter. D.A. Davidson & CO. now owns 1,259,697 shares of the company’s stock worth $36,645,000 after buying an additional 64,902 shares during the period.

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.