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

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY)’s stock price reached a new 52-week high on Wednesday . The company 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 Performance

The company has a market cap of $1.34 billion, a price-to-earnings ratio of 17.02 and a beta of 0.47. The stock’s fifty day simple moving average is $36.39 and its two-hundred day simple moving average is $36.22.

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

Institutional investors have recently made changes to their positions in the company. Johnson Bixby & Associates LLC boosted its position in SPDR SSgA Multi-Asset Real Return ETF by 2,634.7% during the 1st quarter. Johnson Bixby & Associates LLC now owns 492,437 shares of the company’s stock valued at $17,802,000 after purchasing an additional 474,430 shares during the period. Trilogy Capital Inc. grew its stake in shares of SPDR SSgA Multi-Asset Real Return ETF by 90.3% in the 2nd quarter. Trilogy Capital Inc. now owns 664,246 shares of the company’s stock worth $22,923,000 after purchasing an additional 315,254 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of SPDR SSgA Multi-Asset Real Return ETF in the 4th quarter worth $9,759,000. Thrivent Financial for Lutherans boosted its holdings in shares of SPDR SSgA Multi-Asset Real Return ETF by 148.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 334,051 shares of the company’s stock worth $10,555,000 after buying an additional 199,390 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in shares of SPDR SSgA Multi-Asset Real Return ETF by 11.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,857,277 shares of the company’s stock valued at $58,411,000 after purchasing an additional 194,782 shares in 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.