NewEdge Advisors LLC cut its stake in shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR – Free Report) by 67.7% in the first quarter, HoldingsChannel.com reports. The fund owned 85,909 shares of the company’s stock after selling 179,863 shares during the period. NewEdge Advisors LLC’s holdings in SPDR SSGA US Sector Rotation ETF were worth $4,960,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in XLSR. Flagship Harbor Advisors LLC acquired a new stake in shares of SPDR SSGA US Sector Rotation ETF during the 4th quarter worth approximately $1,023,000. Axxcess Wealth Management LLC lifted its holdings in SPDR SSGA US Sector Rotation ETF by 137.0% in the fourth 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. HighTower Advisors LLC lifted its holdings in SPDR SSGA US Sector Rotation ETF by 11.4% in the fourth quarter. HighTower Advisors LLC now owns 132,688 shares of the company’s stock valued at $8,268,000 after buying an additional 13,576 shares during the period. FSA Advisors Inc. bought a new position in SPDR SSGA US Sector Rotation ETF in the fourth quarter valued at approximately $582,000. Finally, Raleigh Capital Management Inc. boosted its stake in SPDR SSGA US Sector Rotation ETF by 15.7% in the first quarter. Raleigh Capital Management Inc. now owns 150,213 shares of the company’s stock valued at $8,673,000 after acquiring an additional 20,330 shares during the last quarter.
SPDR SSGA US Sector Rotation ETF Stock Performance
XLSR opened at $63.76 on Friday. The company has a fifty day moving average price of $64.75 and a two-hundred day moving average price of $62.59. The firm has a market capitalization of $1.00 billion, a PE ratio of 22.41 and a beta of 0.96. SPDR SSGA US Sector Rotation ETF has a 52 week low of $54.79 and a 52 week high of $66.69.
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.
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