SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Reaches New 1-Year High – Should You Buy?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $62.81 and last traded at $62.5710, with a volume of 2894 shares trading hands. The stock had previously closed at $62.54.

SPDR SSGA US Sector Rotation ETF Stock Performance

The business has a 50 day moving average of $60.95 and a 200-day moving average of $57.54. The company has a market capitalization of $883.46 million, a P/E ratio of 22.41 and a beta of 0.97.

Hedge Funds Weigh In On SPDR SSGA US Sector Rotation ETF

Several institutional investors and hedge funds have recently modified their holdings of XLSR. Stone House Investment Management LLC purchased a new stake in shares of SPDR SSGA US Sector Rotation ETF during the third quarter valued at approximately $57,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 34.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,669 shares of the company’s stock valued at $92,000 after acquiring an additional 425 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of SPDR SSGA US Sector Rotation ETF by 23.0% in the second quarter. Farther Finance Advisors LLC now owns 1,752 shares of the company’s stock worth $96,000 after acquiring an additional 328 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of SPDR SSGA US Sector Rotation ETF by 65.3% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,545 shares of the company’s stock valued at $140,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Transce3nd LLC boosted its holdings in SPDR SSGA US Sector Rotation ETF by 8.7% in the second quarter. Transce3nd LLC now owns 3,786 shares of the company’s stock worth $208,000 after purchasing an additional 302 shares during the last quarter.

SPDR SSGA US Sector Rotation ETF Company Profile

The SPDR SSGA U.S. Sector Rotation ETF (XLSR) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed portfolio of companies classified within favorable sectors of the S&P 500. XLSR was launched on Apr 2, 2019 and is managed by State Street.