SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Sets New 52-Week High – Should You Buy?

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $38.38 and last traded at $38.27, with a volume of 3713 shares changing hands. The stock had previously closed at $38.08.

SPDR SSgA Multi-Asset Real Return ETF Stock Down 0.7%

The firm has a market cap of $1.33 billion, a PE ratio of 17.02 and a beta of 0.47. The firm’s fifty day simple moving average is $36.53 and its two-hundred day simple moving average is $36.26.

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

Institutional investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the 1st quarter valued at approximately $28,000. Comerica Bank raised its stake in shares of SPDR SSgA Multi-Asset Real Return ETF by 30.1% in the third 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 position in SPDR SSgA Multi-Asset Real Return ETF by 3,685.7% in the 1st quarter. International Assets Investment Management LLC now owns 1,590 shares of the company’s stock worth $57,000 after purchasing an additional 1,548 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the second quarter valued at approximately $92,000. Finally, EverSource Wealth Advisors LLC bought a new position in SPDR SSgA Multi-Asset Real Return ETF in the 4th quarter valued at $99,000.

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.