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

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

SPDR SSgA Multi-Asset Real Return ETF Stock Performance

The stock’s 50 day simple moving average is $36.06 and its 200-day simple moving average is $36.12. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 17.02 and a beta of 0.46.

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

Hedge funds have recently made changes to their positions in the company. Ascentis Independent Advisors purchased a new position in SPDR SSgA Multi-Asset Real Return ETF in the 1st quarter worth $28,000. Comerica Bank increased its holdings in SPDR SSgA Multi-Asset Real Return ETF by 30.1% in 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 period. International Assets Investment Management LLC raised its holdings in shares of SPDR SSgA Multi-Asset Real Return ETF by 3,685.7% during the first 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 last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of SPDR SSgA Multi-Asset Real Return ETF in the 4th quarter valued at about $99,000. Finally, Fifth Third Bancorp acquired a new position in SPDR SSgA Multi-Asset Real Return ETF in the first quarter valued at approximately $116,000.

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.