SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Hits New 1-Year High – Here’s Why

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)’s share price reached a new 52-week high on Thursday . The stock traded as high as $67.17 and last traded at $67.14, with a volume of 9436 shares. The stock had previously closed at $66.65.

SPDR SSGA US Sector Rotation ETF Stock Performance

The company has a market capitalization of $1.06 billion, a P/E ratio of 22.41 and a beta of 0.96. The stock’s fifty day moving average price is $64.76 and its 200-day moving average price is $62.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XLSR. Spinnaker Investment Group LLC bought a new stake in SPDR SSGA US Sector Rotation ETF in the 2nd quarter valued at $886,000. Kraft Davis & Associates LLC lifted its stake in shares of SPDR SSGA US Sector Rotation ETF by 1.0% during the 2nd quarter. Kraft Davis & Associates LLC now owns 16,123 shares of the company’s stock worth $1,039,000 after buying an additional 165 shares during the last quarter. Adamsbrown Wealth Consultants LLC acquired a new stake in shares of SPDR SSGA US Sector Rotation ETF during the 2nd quarter worth about $251,000. Midwest Financial Network LLC boosted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 19.2% during the 2nd quarter. Midwest Financial Network LLC now owns 75,343 shares of the company’s stock worth $4,887,000 after buying an additional 12,143 shares during the period. Finally, WealthPoint Financial LLC boosted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 17.2% during the 1st quarter. WealthPoint Financial LLC now owns 29,357 shares of the company’s stock worth $1,695,000 after buying an additional 4,305 shares during the period.

About SPDR SSGA US Sector Rotation ETF

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.