SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Reaches New 52-Week High – What’s Next?

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $29.47 and last traded at $29.47, with a volume of 1122 shares traded. The stock had previously closed at $29.34.

SPDR SSgA Multi-Asset Real Return ETF Trading Up 0.6%

The firm has a market cap of $502.14 million, a P/E ratio of 17.02 and a beta of 0.58. The business’s fifty day simple moving average is $28.22 and its 200-day simple moving average is $28.02.

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

Several hedge funds and other institutional investors have recently modified their holdings of RLY. New England Capital Financial Advisors LLC increased its position in shares of SPDR SSgA Multi-Asset Real Return ETF by 119,914.1% during the fourth quarter. New England Capital Financial Advisors LLC now owns 476,456 shares of the company’s stock valued at $12,874,000 after acquiring an additional 476,059 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in SPDR SSgA Multi-Asset Real Return ETF in the 4th quarter worth $5,414,000. Earned Wealth Advisors LLC bought a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the 1st quarter valued at approximately $5,239,000. Larson Financial Group LLC increased its position in shares of SPDR SSgA Multi-Asset Real Return ETF by 173.7% during the 4th quarter. Larson Financial Group LLC now owns 242,987 shares of the company’s stock valued at $6,565,000 after purchasing an additional 154,222 shares during the last quarter. Finally, First Heartland Consultants Inc. bought a new stake in shares of SPDR SSgA Multi-Asset Real Return ETF in the 4th quarter worth about $3,898,000.

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.