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

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $35.31 and last traded at $35.0560, with a volume of 10111 shares. The stock had previously closed at $34.85.

SPDR SSgA Multi-Asset Real Return ETF Stock Performance

The company has a fifty day moving average price of $32.83 and a two-hundred day moving average price of $31.43. The company has a market cap of $734.08 million, a P/E ratio of 17.02 and a beta of 0.57.

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

Several large investors have recently made changes to their positions in the stock. Comerica Bank grew 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 buying an additional 328 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in SPDR SSgA Multi-Asset Real Return ETF by 99.2% in the third quarter. Jones Financial Companies Lllp now owns 2,135 shares of the company’s stock valued at $66,000 after acquiring an additional 1,063 shares during the last quarter. Harbour Investments Inc. grew its position in shares of SPDR SSgA Multi-Asset Real Return ETF by 14.9% in the 2nd quarter. Harbour Investments Inc. now owns 3,159 shares of the company’s stock valued at $92,000 after acquiring an additional 410 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the 4th quarter worth about $99,000. Finally, JFS Wealth Advisors LLC bought a new stake in shares of SPDR SSgA Multi-Asset Real Return ETF in the 4th quarter valued at about $103,000.

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.