SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Hits New 52-Week High – Time to Buy?

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $37.89 and last traded at $37.88, with a volume of 486743 shares. The stock had previously closed at $37.71.

SPDR SSgA Multi-Asset Real Return ETF Stock Up 0.5%

The firm has a 50 day moving average price of $36.06 and a 200 day moving average price of $36.12. The stock has a market cap of $1.33 billion, a P/E ratio of 17.02 and a beta of 0.46.

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

Several institutional investors have recently modified their holdings of the stock. Ascentis Independent Advisors acquired a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the first quarter worth $28,000. Comerica Bank grew its stake 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 worth $44,000 after buying an additional 328 shares during the last quarter. International Assets Investment Management LLC increased its position 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 in the last quarter. EverSource Wealth Advisors LLC acquired a new position in SPDR SSgA Multi-Asset Real Return ETF during the 4th quarter valued at about $99,000. Finally, Harbour Investments Inc. raised its stake in SPDR SSgA Multi-Asset Real Return ETF by 23.1% in the fourth quarter. Harbour Investments Inc. now owns 3,693 shares of the company’s stock valued at $116,000 after buying an additional 692 shares during the last quarter.

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.