SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Hits New 12-Month High – Here’s What Happened

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 traded. The stock had previously closed at $65.23.

SPDR SSGA US Sector Rotation ETF Stock Down 0.3%

The firm has a market capitalization of $1.04 billion, a P/E ratio of 22.41 and a beta of 0.96. The business’s 50 day moving average is $64.75 and its 200-day moving average is $62.68.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quest 10 Wealth Builders Inc. boosted its stake in shares of SPDR SSGA US Sector Rotation ETF by 97.5% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 950 shares of the company’s stock valued at $59,000 after purchasing an additional 469 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in SPDR SSGA US Sector Rotation ETF in the 1st quarter valued at approximately $89,000. Wells Fargo & Company MN boosted its position in SPDR SSGA US Sector Rotation ETF by 236.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,463 shares of the company’s stock worth $91,000 after buying an additional 1,028 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in 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 worth $92,000 after acquiring an additional 425 shares during the last quarter. Finally, 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 worth $119,000 after acquiring an additional 202 shares during the last quarter.

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.