SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Sets New 52-Week High – Still a Buy?

Shares of SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) hit a new 52-week high on Wednesday . The stock traded as high as $37.22 and last traded at $37.17, with a volume of 146958 shares trading hands. The stock had previously closed at $36.91.

SPDR SSgA Multi-Asset Real Return ETF Stock Up 0.7%

The company has a market cap of $1.20 billion, a price-to-earnings ratio of 17.02 and a beta of 0.47. The firm has a 50 day moving average price of $36.13 and a two-hundred day moving average price of $33.69.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank increased 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 during the period. Flagship Harbor Advisors LLC grew its stake in SPDR SSgA Multi-Asset Real Return ETF by 2.3% during the third quarter. Flagship Harbor Advisors LLC now owns 15,680 shares of the company’s stock worth $484,000 after purchasing an additional 349 shares during the period. Global Retirement Partners LLC grew its stake in SPDR SSgA Multi-Asset Real Return ETF by 8.7% during the fourth quarter. Global Retirement Partners LLC now owns 5,433 shares of the company’s stock worth $171,000 after purchasing an additional 437 shares during the period. Illumine Investment Management LLC grew its stake in SPDR SSgA Multi-Asset Real Return ETF by 0.9% during the third quarter. Illumine Investment Management LLC now owns 53,111 shares of the company’s stock worth $1,640,000 after purchasing an additional 455 shares during the period. Finally, Pasadena Private Wealth LLC grew its stake in SPDR SSgA Multi-Asset Real Return ETF by 3.6% during the fourth quarter. Pasadena Private Wealth LLC now owns 14,738 shares of the company’s stock worth $464,000 after purchasing an additional 515 shares during the period.

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.