SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Trading Down 0.1% – What’s Next?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)’s share price was down 0.1% during trading on Monday . The stock traded as low as $63.41 and last traded at $63.66. 42,677 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 65,796 shares. The stock had previously closed at $63.71.

SPDR SSGA US Sector Rotation ETF Stock Down 0.1%

The company has a market cap of $996.92 million, a price-to-earnings ratio of 22.41 and a beta of 0.96. The business’s fifty day simple moving average is $64.85 and its two-hundred day simple moving average is $62.58.

Institutional Investors Weigh In On SPDR SSGA US Sector Rotation ETF

Several hedge funds and other institutional investors have recently bought and sold shares of XLSR. Spinnaker Investment Group LLC purchased a new stake in SPDR SSGA US Sector Rotation ETF in the second quarter valued at $886,000. Kraft Davis & Associates LLC grew its holdings in shares of SPDR SSGA US Sector Rotation ETF by 1.0% during the second quarter. Kraft Davis & Associates LLC now owns 16,123 shares of the company’s stock worth $1,039,000 after purchasing an additional 165 shares during the last quarter. Adamsbrown Wealth Consultants LLC purchased a new position in shares of SPDR SSGA US Sector Rotation ETF during the second quarter worth about $251,000. Midwest Financial Network LLC increased its position in shares of SPDR SSGA US Sector Rotation ETF by 19.2% during the second quarter. Midwest Financial Network LLC now owns 75,343 shares of the company’s stock worth $4,887,000 after purchasing an additional 12,143 shares in the last quarter. Finally, WealthPoint Financial LLC increased its position in shares of SPDR SSGA US Sector Rotation ETF by 17.2% during the first quarter. WealthPoint Financial LLC now owns 29,357 shares of the company’s stock worth $1,695,000 after purchasing an additional 4,305 shares in 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.