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

Shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) hit a new 52-week high during trading on Thursday . The company traded as high as $55.73 and last traded at $55.70, with a volume of 49370 shares traded. The stock had previously closed at $55.14.

SPDR SSGA US Sector Rotation ETF Trading Up 0.4 %

The firm’s fifty day simple moving average is $54.54 and its two-hundred day simple moving average is $52.71. The company has a market capitalization of $580.31 million, a price-to-earnings ratio of 23.20 and a beta of 1.01.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in shares of SPDR SSGA US Sector Rotation ETF by 16.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,370,132 shares of the company’s stock worth $73,220,000 after purchasing an additional 196,292 shares during the period. LPL Financial LLC lifted its stake in SPDR SSGA US Sector Rotation ETF by 4.3% during the third quarter. LPL Financial LLC now owns 4,039,488 shares of the company’s stock worth $209,387,000 after purchasing an additional 166,370 shares in the last quarter. Signal Advisors Wealth LLC boosted its position in shares of SPDR SSGA US Sector Rotation ETF by 3,400.5% during the fourth quarter. Signal Advisors Wealth LLC now owns 162,283 shares of the company’s stock worth $8,672,000 after buying an additional 157,647 shares during the period. Sharkey Howes & Javer acquired a new stake in shares of SPDR SSGA US Sector Rotation ETF in the third quarter valued at $7,401,000. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of SPDR SSGA US Sector Rotation ETF by 8.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,654,622 shares of the company’s stock valued at $88,423,000 after buying an additional 127,682 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.