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

Shares of SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) saw strong trading volume on Thursday . 392,288 shares traded hands during mid-day trading, an increase of 211% from the previous session’s volume of 125,972 shares.The stock last traded at $34.6250 and had previously closed at $34.57.

SPDR SSgA Multi-Asset Real Return ETF Stock Performance

The business’s fifty day moving average price is $32.18 and its two-hundred day moving average price is $31.07. The firm has a market capitalization of $706.96 million, a P/E ratio of 17.02 and a beta of 0.57.

Institutional Trading of SPDR SSgA Multi-Asset Real Return ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in SPDR SSgA Multi-Asset Real Return ETF by 9.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,462,305 shares of the company’s stock valued at $45,156,000 after buying an additional 130,143 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of SPDR SSgA Multi-Asset Real Return ETF by 11.0% during the third quarter. D.A. Davidson & CO. now owns 1,397,691 shares of the company’s stock worth $43,161,000 after acquiring an additional 137,994 shares during the last quarter. Tobias Financial Advisors Inc. acquired a new position in shares of SPDR SSgA Multi-Asset Real Return ETF during the third quarter valued at about $29,743,000. Savant Capital LLC purchased a new position in shares of SPDR SSgA Multi-Asset Real Return ETF in the 2nd quarter valued at approximately $26,249,000. Finally, Bank of America Corp DE boosted its stake in SPDR SSgA Multi-Asset Real Return ETF by 4.8% in the 3rd quarter. Bank of America Corp DE now owns 749,265 shares of the company’s stock worth $23,137,000 after purchasing an additional 34,010 shares in the last quarter.

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.