SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Reaches New 1-Year High – Should You Buy?

Shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) reached a new 52-week high during trading on Thursday . The stock traded as high as $67.17 and last traded at $67.14, with a volume of 9436 shares changing hands. The stock had previously closed at $66.65.

SPDR SSGA US Sector Rotation ETF Price Performance

The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 22.41 and a beta of 0.96. The business has a fifty day moving average of $64.82 and a 200 day moving average of $62.90.

Institutional Investors Weigh In On SPDR SSGA US Sector Rotation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in shares of SPDR SSGA US Sector Rotation ETF by 1.2% in the 4th quarter. LPL Financial LLC now owns 4,676,742 shares of the company’s stock valued at $291,408,000 after purchasing an additional 55,879 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of SPDR SSGA US Sector Rotation ETF by 3.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,038,665 shares of the company’s stock worth $127,029,000 after purchasing an additional 68,680 shares during the last quarter. Hibernia Wealth Partners LLC increased its position in shares of SPDR SSGA US Sector Rotation ETF by 91.9% during the 4th quarter. Hibernia Wealth Partners LLC now owns 420,972 shares of the company’s stock worth $26,231,000 after purchasing an additional 201,647 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of SPDR SSGA US Sector Rotation ETF by 0.9% during the 3rd quarter. NewEdge Advisors LLC now owns 288,593 shares of the company’s stock worth $17,203,000 after purchasing an additional 2,704 shares during the last quarter. Finally, Mariner LLC raised its holdings in SPDR SSGA US Sector Rotation ETF by 17.1% in the 4th quarter. Mariner LLC now owns 286,549 shares of the company’s stock valued at $17,855,000 after buying an additional 41,937 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.