SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Reaches New 52-Week High – What’s Next?

Shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) reached a new 52-week high during trading on Wednesday . The company traded as high as $63.03 and last traded at $63.02, with a volume of 19704 shares. The stock had previously closed at $62.81.

SPDR SSGA US Sector Rotation ETF Stock Up 0.3%

The stock has a fifty day moving average of $61.53 and a two-hundred day moving average of $58.43. The stock has a market cap of $885.29 million, a price-to-earnings ratio of 22.41 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of XLSR. Royal Bank of Canada grew its holdings in SPDR SSGA US Sector Rotation ETF by 1.2% during the 1st quarter. Royal Bank of Canada now owns 21,403 shares of the company’s stock worth $1,087,000 after acquiring an additional 250 shares in the last quarter. Transce3nd LLC lifted its holdings in SPDR SSGA US Sector Rotation ETF by 8.7% during the 2nd quarter. Transce3nd LLC now owns 3,786 shares of the company’s stock worth $208,000 after buying an additional 302 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of SPDR SSGA US Sector Rotation ETF by 23.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,752 shares of the company’s stock worth $96,000 after acquiring an additional 328 shares in the last quarter. Spectrum Planning & Advisory Services Inc. increased its holdings in shares of SPDR SSGA US Sector Rotation ETF by 2.2% in the 2nd quarter. Spectrum Planning & Advisory Services Inc. now owns 15,938 shares of the company’s stock valued at $875,000 after acquiring an additional 348 shares during the last quarter. Finally, Merit Financial Group LLC raised its position in shares of SPDR SSGA US Sector Rotation ETF by 1.5% during the 3rd quarter. Merit Financial Group LLC now owns 27,026 shares of the company’s stock valued at $1,611,000 after acquiring an additional 407 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.