SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Trading Up 1% – Should You Buy?

Shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) traded up 1% during trading on Thursday . The stock traded as high as $66.60 and last traded at $66.50. Approximately 37,191 shares were traded during mid-day trading, a decline of 40% from the average session volume of 61,770 shares. The stock had previously closed at $65.85.

SPDR SSGA US Sector Rotation ETF Stock Performance

The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 22.41 and a beta of 0.96. The company has a fifty day simple moving average of $65.24 and a two-hundred day simple moving average of $63.31.

Hedge Funds Weigh In On SPDR SSGA US Sector Rotation ETF

Several large investors have recently added to or reduced their stakes in the business. Brown Lisle Cummings Inc. purchased a new position in SPDR SSGA US Sector Rotation ETF during the first quarter worth about $89,000. Wells Fargo & Company MN grew its holdings in SPDR SSGA US Sector Rotation ETF by 236.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,463 shares of the company’s stock valued at $91,000 after buying an additional 1,028 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of SPDR SSGA US Sector Rotation ETF by 34.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,669 shares of the company’s stock valued at $92,000 after acquiring an additional 425 shares during the last quarter. Signature Equity Partners LLC acquired a new position in shares of SPDR SSGA US Sector Rotation ETF during the 1st quarter valued at about $169,000. Finally, Sigma Planning Corp purchased a new position in shares of SPDR SSGA US Sector Rotation ETF during the 4th quarter worth about $212,000.

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.