SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sets New 1-Year High – What’s Next?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) shares hit a new 52-week high on Thursday . The company traded as high as $63.22 and last traded at $63.19, with a volume of 45741 shares. The stock had previously closed at $62.34.

SPDR SSGA US Sector Rotation ETF Stock Up 0.1%

The firm has a market cap of $942.69 million, a PE ratio of 22.41 and a beta of 0.96. The stock’s fifty day simple moving average is $60.19 and its two-hundred day simple moving average is $61.22.

Institutional Investors Weigh In On SPDR SSGA US Sector Rotation ETF

A number of hedge funds and other institutional investors 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% in the first quarter. Royal Bank of Canada now owns 21,403 shares of the company’s stock worth $1,087,000 after purchasing an additional 250 shares during the period. Jane Street Group LLC purchased a new stake in SPDR SSGA US Sector Rotation ETF in the first quarter worth about $597,000. Northwestern Mutual Wealth Management Co. grew its holdings in SPDR SSGA US Sector Rotation ETF by 34.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,669 shares of the company’s stock worth $92,000 after purchasing an additional 425 shares during the period. Raymond James Financial Inc. bought a new position in shares of SPDR SSGA US Sector Rotation ETF in the second quarter worth approximately $285,000. Finally, MML Investors Services LLC bought a new position in shares of SPDR SSGA US Sector Rotation ETF in the second quarter worth approximately $1,695,000.

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.