SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Sees Strong Trading Volume – Should You Buy?

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) shares saw unusually-high trading volume on Thursday. 1,755,611 shares were traded during mid-day trading, an increase of 693% from the previous session’s volume of 221,333 shares. The stock last traded at $37.04 and had previously closed at $37.08.

SPDR SSgA Multi-Asset Real Return ETF Price Performance

The firm’s 50-day moving average price is $37.22 and its 200 day moving average price is $36.47. The firm has a market cap of $1.46 billion, a P/E ratio of 17.02 and a beta of 0.48.

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

Several large investors have recently added to or reduced their stakes in RLY. Envestnet Asset Management Inc. raised its holdings in shares of SPDR SSgA Multi-Asset Real Return ETF by 10.6% during the second quarter. Envestnet Asset Management Inc. now owns 2,161,988 shares of the company’s stock worth $74,610,000 after purchasing an additional 207,753 shares during the period. D.A. Davidson & CO. lifted its position in shares of SPDR SSgA Multi-Asset Real Return ETF by 3.4% in the 1st quarter. D.A. Davidson & CO. now owns 1,540,561 shares of the company’s stock worth $55,691,000 after buying an additional 50,427 shares during the last quarter. Tobias Financial Advisors Inc. boosted its holdings in shares of SPDR SSgA Multi-Asset Real Return ETF by 0.8% in the 2nd quarter. Tobias Financial Advisors Inc. now owns 1,079,223 shares of the company’s stock valued at $37,244,000 after buying an additional 8,197 shares during the period. Bank of America Corp DE boosted its holdings in shares of SPDR SSgA Multi-Asset Real Return ETF by 7.1% in the 1st quarter. Bank of America Corp DE now owns 888,051 shares of the company’s stock valued at $32,103,000 after buying an additional 58,681 shares during the period. Finally, Wealth Enhancement Trust Services Inc. boosted its holdings in shares of SPDR SSgA Multi-Asset Real Return ETF by 2.8% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 683,676 shares of the company’s stock valued at $24,742,000 after buying an additional 18,368 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.