Shares of the SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) achieved a significant milestone on March 4, 2024, by reaching a new 52-week high at $30.04. The stock, which closed at $29.64 on the previous trading day, ended the session at $29.57 after a volume of 20,298 shares changed hands.
The ETF has demonstrated solid performance, with a current market capitalization of $513.77 million, a price-to-earnings (P/E) ratio of 17.02, and a beta of 0.57. Its 50-day moving average stands at $28.95, while the 200-day moving average is reported at $28.22.
Institutional Investments in RLY
Recent trading activity suggests a notable interest from institutional investors in the SPDR SSgA Multi-Asset Real Return ETF. Raymond James Financial Inc. made a significant entry into the ETF during the fourth quarter, acquiring a stake valued at approximately $5,414,000. Similarly, Earned Wealth Advisors LLC purchased shares in the first quarter worth around $5,239,000.
In the fourth quarter, First Heartland Consultants Inc. also entered the market with a new position valued at $3,898,000. Moreover, Jones Financial Companies LLLP dramatically increased its holdings by 12,197.0% in the first quarter, amassing 121,494 shares worth $3,747,000 after acquiring an additional 120,506 shares.
Furthermore, LPL Financial LLC raised its stake by 21.3% during the fourth quarter, now holding 446,975 shares valued at $12,077,000.
Investment Strategy of the ETF
The SPDR SSgA Multi-Asset Real Return ETF is designed to provide investors with protection against inflation through a diversified strategy. This actively-managed fund primarily invests in alternatives that include real estate, commodities, Treasury Inflation-Protected Securities (TIPS), and companies in the natural resources sector.
With its recent price performance and heightened institutional interest, the SPDR SSgA Multi-Asset Real Return ETF is positioned as a compelling option for investors seeking to hedge against inflation while gaining exposure to multiple asset classes.
