SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Sets New 1-Year High – Still a Buy?

Shares of SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $37.25 and last traded at $37.21, with a volume of 157533 shares changing hands. The stock had previously closed at $36.70.

SPDR SSgA Multi-Asset Real Return ETF Trading Down 0.2%

The company’s fifty day moving average is $36.27 and its 200 day moving average is $33.94. The company has a market cap of $1.20 billion, a P/E ratio of 17.02 and a beta of 0.47.

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

Institutional investors have recently bought and sold shares of the stock. Ascentis Independent Advisors purchased a new stake in SPDR SSgA Multi-Asset Real Return ETF during the 1st quarter valued at about $28,000. Comerica Bank boosted its holdings in SPDR SSgA Multi-Asset Real Return ETF by 30.1% during the 3rd quarter. Comerica Bank now owns 1,416 shares of the company’s stock valued at $44,000 after acquiring an additional 328 shares during the period. International Assets Investment Management LLC raised its holdings in SPDR SSgA Multi-Asset Real Return ETF by 3,685.7% during the 1st quarter. International Assets Investment Management LLC now owns 1,590 shares of the company’s stock valued at $57,000 after buying an additional 1,548 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in SPDR SSgA Multi-Asset Real Return ETF by 99.2% during the 3rd 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 last quarter. Finally, EverSource Wealth Advisors LLC bought a new stake in SPDR SSgA Multi-Asset Real Return ETF during the 4th quarter valued at $99,000.

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. RLY was launched on Apr 25, 2012 and is managed by State Street.