SPDR SSGA US Sector Rotation ETF $XLSR Position Cut by Merit Financial Group LLC

Merit Financial Group LLC trimmed its stake in SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) by 87.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,431 shares of the company’s stock after selling 23,595 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR SSGA US Sector Rotation ETF were worth $214,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its position in SPDR SSGA US Sector Rotation ETF by 3.3% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 1,969,985 shares of the company’s stock worth $117,431,000 after purchasing an additional 62,761 shares during the last quarter. Envestnet Asset Management Inc. grew its position in SPDR SSGA US Sector Rotation ETF by 12.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,840,266 shares of the company’s stock worth $109,698,000 after purchasing an additional 200,621 shares during the last quarter. Park Avenue Securities LLC grew its position in SPDR SSGA US Sector Rotation ETF by 5.3% in the 4th quarter. Park Avenue Securities LLC now owns 486,505 shares of the company’s stock worth $30,314,000 after purchasing an additional 24,584 shares during the last quarter. Austin Private Wealth LLC grew its position in SPDR SSGA US Sector Rotation ETF by 2.9% in the 4th quarter. Austin Private Wealth LLC now owns 342,395 shares of the company’s stock worth $21,335,000 after purchasing an additional 9,753 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in SPDR SSGA US Sector Rotation ETF by 0.9% in 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.

SPDR SSGA US Sector Rotation ETF Trading Up 1.4%

NYSEARCA XLSR opened at $63.24 on Friday. SPDR SSGA US Sector Rotation ETF has a 52 week low of $49.87 and a 52 week high of $63.29. The stock has a market cap of $941.64 million, a price-to-earnings ratio of 22.41 and a beta of 0.96. The company has a 50-day moving average price of $60.19 and a two-hundred day moving average price of $61.22.

SPDR SSGA US Sector Rotation ETF 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.