SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sets New 52-Week High – Time to Buy?

Shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $66.71 and last traded at $66.66, with a volume of 23176 shares changing hands. The stock had previously closed at $65.23.

SPDR SSGA US Sector Rotation ETF Price Performance

The stock has a fifty day moving average of $64.72 and a 200 day moving average of $62.62. The firm has a market capitalization of $1.05 billion, a P/E ratio of 22.41 and a beta of 0.96.

Institutional Trading of SPDR SSGA US Sector Rotation ETF

Hedge funds have recently added to or reduced their stakes in the stock. Kraft Davis & Associates LLC boosted its stake in SPDR SSGA US Sector Rotation ETF by 1.0% in the 2nd quarter. Kraft Davis & Associates LLC now owns 16,123 shares of the company’s stock worth $1,039,000 after purchasing an additional 165 shares during the period. Farther Finance Advisors LLC grew its holdings in SPDR SSGA US Sector Rotation ETF by 11.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $119,000 after buying an additional 202 shares in the last quarter. J2 Capital Management Inc increased its position in shares of SPDR SSGA US Sector Rotation ETF by 3.3% during the first quarter. J2 Capital Management Inc now owns 6,552 shares of the company’s stock valued at $378,000 after buying an additional 207 shares during the period. Royal Bank of Canada lifted its holdings in shares of 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 buying an additional 250 shares in the last quarter. Finally, Apella Capital LLC lifted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 1.1% in the fourth quarter. Apella Capital LLC now owns 28,098 shares of the company’s stock worth $1,751,000 after buying an additional 318 shares in the last quarter.

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.