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

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)’s stock price reached a new 52-week high on Monday . The company traded as high as $67.19 and last traded at $67.19, with a volume of 41602 shares changing hands. The stock had previously closed at $66.07.

SPDR SSGA US Sector Rotation ETF Stock Performance

The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 22.41 and a beta of 0.96. The stock has a fifty day simple moving average of $65.52 and a two-hundred day simple moving average of $63.67.

Hedge Funds Weigh In On SPDR SSGA US Sector Rotation ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in shares of SPDR SSGA US Sector Rotation ETF by 6.9% in the 2nd quarter. NewEdge Advisors LLC now owns 307,442 shares of the company’s stock valued at $19,941,000 after acquiring an additional 19,798 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of SPDR SSGA US Sector Rotation ETF during the second quarter valued at approximately $131,000. Brown Lisle Cummings Inc. grew its holdings in SPDR SSGA US Sector Rotation ETF by 45.8% during the second quarter. Brown Lisle Cummings Inc. now owns 2,239 shares of the company’s stock worth $145,000 after buying an additional 703 shares in the last quarter. SMART Wealth LLC purchased a new stake in SPDR SSGA US Sector Rotation ETF in the 2nd quarter valued at $7,094,000. Finally, Concurrent Investment Advisors LLC bought a new position in SPDR SSGA US Sector Rotation ETF during the 2nd quarter valued at $440,000.

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.