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

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) hit a new 52-week high during trading on Friday . The company traded as high as $31.76 and last traded at $31.7240, with a volume of 4621 shares trading hands. The stock had previously closed at $31.56.

SPDR SSgA Multi-Asset Real Return ETF Trading Up 0.8%

The stock has a market capitalization of $625.51 million, a price-to-earnings ratio of 17.02 and a beta of 0.57. The stock’s 50 day moving average is $31.09 and its 200 day moving average is $30.09.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tobias Financial Advisors Inc. acquired a new stake in SPDR SSgA Multi-Asset Real Return ETF in the 3rd quarter valued at approximately $29,743,000. Savant Capital LLC acquired a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the second quarter valued at $26,249,000. RFG Bristol Wealth Advisors LLC acquired a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the third quarter valued at $7,192,000. HighTower Advisors LLC raised its stake in shares of SPDR SSgA Multi-Asset Real Return ETF by 59.1% during the third quarter. HighTower Advisors LLC now owns 579,462 shares of the company’s stock valued at $17,896,000 after purchasing an additional 215,285 shares in the last quarter. Finally, Earned Wealth Advisors LLC acquired a new stake in SPDR SSgA Multi-Asset Real Return ETF in the first quarter worth about $5,239,000.

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.