SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Sets New 12-Month High – Should You Buy?

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $29.81 and last traded at $29.59, with a volume of 28744 shares changing hands. The stock had previously closed at $29.58.

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

The company has a market capitalization of $505.55 million, a price-to-earnings ratio of 17.02 and a beta of 0.57. The firm’s 50 day simple moving average is $28.50 and its 200-day simple moving average is $28.05.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its stake in shares of SPDR SSgA Multi-Asset Real Return ETF by 5.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,270,049 shares of the company’s stock worth $36,247,000 after purchasing an additional 69,130 shares during the period. D.A. Davidson & CO. grew its stake in SPDR SSgA Multi-Asset Real Return ETF by 5.6% in the 1st quarter. D.A. Davidson & CO. now owns 1,194,795 shares of the company’s stock valued at $34,099,000 after acquiring an additional 63,801 shares during the last quarter. Corrigan Financial Inc. grew its stake in SPDR SSgA Multi-Asset Real Return ETF by 1.7% in the 1st quarter. Corrigan Financial Inc. now owns 904,459 shares of the company’s stock valued at $25,813,000 after acquiring an additional 14,872 shares during the last quarter. New England Capital Financial Advisors LLC grew its stake in SPDR SSgA Multi-Asset Real Return ETF by 1.7% in the 1st quarter. New England Capital Financial Advisors LLC now owns 484,546 shares of the company’s stock valued at $13,829,000 after acquiring an additional 8,090 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in SPDR SSgA Multi-Asset Real Return ETF by 21.3% in the 4th quarter. LPL Financial LLC now owns 446,975 shares of the company’s stock valued at $12,077,000 after purchasing an additional 78,636 shares in the last quarter.

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.