Spinnaker Investment Group LLC Buys Shares of 13,661 SPDR SSGA US Sector Rotation ETF $XLSR

Spinnaker Investment Group LLC purchased a new position in shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) in the 2nd quarter, HoldingsChannel reports. The firm purchased 13,661 shares of the company’s stock, valued at approximately $886,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest 10 Wealth Builders Inc. boosted its stake in shares of SPDR SSGA US Sector Rotation ETF by 97.5% in the 4th 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 during the last quarter. Brown Lisle Cummings Inc. acquired a new position in SPDR SSGA US Sector Rotation ETF in the first quarter valued at $89,000. Wells Fargo & Company MN boosted its position in SPDR SSGA US Sector Rotation ETF by 236.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,463 shares of the company’s stock valued at $91,000 after acquiring an additional 1,028 shares during the last quarter. 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 period. Finally, Farther Finance Advisors LLC raised its position in shares of SPDR SSGA US Sector Rotation ETF by 11.8% in 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 in the last quarter.

SPDR SSGA US Sector Rotation ETF Price Performance

Shares of NYSEARCA:XLSR opened at $66.70 on Tuesday. 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 business’s 50-day moving average is $64.76 and its 200-day moving average is $62.78. SPDR SSGA US Sector Rotation ETF has a 1 year low of $55.71 and a 1 year high of $67.13.

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.