SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Hits New 12-Month High – Here’s Why

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $63.71 and last traded at $63.66, with a volume of 46911 shares changing hands. The stock had previously closed at $63.06.

SPDR SSGA US Sector Rotation ETF Trading Up 1.0%

The stock has a market cap of $947.90 million, a P/E ratio of 22.41 and a beta of 0.96. The company’s fifty day simple moving average is $60.23 and its 200-day simple moving average is $61.27.

Institutional Investors Weigh In On SPDR SSGA US Sector Rotation ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Flagship Harbor Advisors LLC bought a new stake in SPDR SSGA US Sector Rotation ETF in the 4th quarter valued at $1,023,000. Park Avenue Securities LLC boosted its stake in shares of SPDR SSGA US Sector Rotation ETF by 4.2% in the 3rd quarter. Park Avenue Securities LLC now owns 461,921 shares of the company’s stock valued at $27,535,000 after purchasing an additional 18,509 shares in the last quarter. Dakota Wealth Management acquired a new stake in shares of SPDR SSGA US Sector Rotation ETF in the 4th quarter valued at $957,000. Austin Private Wealth LLC boosted its stake in shares of SPDR SSGA US Sector Rotation ETF by 2.9% in the 4th quarter. Austin Private Wealth LLC now owns 342,395 shares of the company’s stock valued at $21,335,000 after purchasing an additional 9,753 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of SPDR SSGA US Sector Rotation ETF in the 3rd quarter valued at $491,000.

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.