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

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) shares reached a new 52-week high on Wednesday . The stock traded as high as $62.61 and last traded at $62.4230, with a volume of 1786 shares. The stock had previously closed at $62.33.

SPDR SSGA US Sector Rotation ETF Stock Up 0.3%

The company has a 50 day simple moving average of $60.43 and a 200-day simple moving average of $57.04. The stock has a market cap of $877.97 million, a price-to-earnings ratio of 22.41 and a beta of 0.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of XLSR. Cetera Investment Advisers increased its stake in shares of SPDR SSGA US Sector Rotation ETF by 22.7% in the first quarter. Cetera Investment Advisers now owns 113,194 shares of the company’s stock valued at $5,747,000 after purchasing an additional 20,950 shares during the period. FSA Advisors Inc. increased its position in SPDR SSGA US Sector Rotation ETF by 4.5% in the 1st quarter. FSA Advisors Inc. now owns 7,475 shares of the company’s stock valued at $379,000 after acquiring an additional 321 shares during the period. NorthRock Partners LLC acquired a new stake in SPDR SSGA US Sector Rotation ETF in the 1st quarter valued at approximately $1,081,000. Harbour Investments Inc. raised its stake in SPDR SSGA US Sector Rotation ETF by 3.0% during the 1st quarter. Harbour Investments Inc. now owns 172,661 shares of the company’s stock valued at $8,766,000 after acquiring an additional 4,957 shares in the last quarter. Finally, Novus Advisors LLC boosted its position in SPDR SSGA US Sector Rotation ETF by 5.0% during the 1st quarter. Novus Advisors LLC now owns 57,674 shares of the company’s stock worth $2,928,000 after acquiring an additional 2,759 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.