SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sees Strong Trading Volume – Here’s What Happened

Shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) saw an uptick in trading volume on Friday . 318,110 shares changed hands during mid-day trading, an increase of 417% from the previous session’s volume of 61,574 shares.The stock last traded at $65.39 and had previously closed at $66.41.

SPDR SSGA US Sector Rotation ETF Stock Performance

The stock has a market capitalization of $966.51 million, a P/E ratio of 22.41 and a beta of 0.96. The business has a fifty day simple moving average of $62.64 and a 200-day simple moving average of $61.97.

Institutional Investors Weigh In On SPDR SSGA US Sector Rotation ETF

Large investors have recently bought and sold shares of the stock. Hibernia Wealth Partners LLC increased its stake in SPDR SSGA US Sector Rotation ETF by 91.9% in the fourth quarter. Hibernia Wealth Partners LLC now owns 420,972 shares of the company’s stock valued at $26,231,000 after purchasing an additional 201,647 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SPDR SSGA US Sector Rotation ETF by 12.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,840,266 shares of the company’s stock worth $109,698,000 after purchasing an additional 200,621 shares in the last quarter. Mosley Wealth Management bought a new position in shares of SPDR SSGA US Sector Rotation ETF during the 4th quarter worth about $12,029,000. Axxcess Wealth Management LLC grew its stake in shares of SPDR SSGA US Sector Rotation ETF by 137.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 203,070 shares of the company’s stock valued at $12,653,000 after buying an additional 117,402 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of SPDR SSGA US Sector Rotation ETF by 3.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,038,665 shares of the company’s stock valued at $127,029,000 after buying an additional 68,680 shares during the period.

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.