SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Sets New 52-Week 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 Thursday . The stock traded as high as $32.09 and last traded at $32.07, with a volume of 22250 shares trading hands. The stock had previously closed at $31.71.

SPDR SSgA Multi-Asset Real Return ETF Stock Performance

The stock has a market cap of $630.23 million, a P/E ratio of 17.02 and a beta of 0.57. The firm has a 50 day moving average of $31.24 and a two-hundred day moving average of $30.27.

Hedge Funds Weigh In On SPDR SSgA Multi-Asset Real Return ETF

A number of institutional investors and hedge funds have recently bought and sold shares of RLY. Comerica Bank boosted its holdings in SPDR SSgA Multi-Asset Real Return ETF by 30.1% in the 3rd 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. MAI Capital Management raised its position in shares of SPDR SSgA Multi-Asset Real Return ETF by 472.6% during the first quarter. MAI Capital Management now owns 1,695 shares of the company’s stock valued at $48,000 after buying an additional 1,399 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the second quarter valued at about $62,000. Jones Financial Companies Lllp lifted its stake in shares of SPDR SSgA Multi-Asset Real Return ETF by 99.2% in the third quarter. Jones Financial Companies Lllp now owns 2,135 shares of the company’s stock valued at $66,000 after buying an additional 1,063 shares during the period. Finally, Harbour Investments Inc. grew its position 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 in the last quarter.

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.