Envestnet Portfolio Solutions Inc. Increases Holdings in SPDR SSGA US Sector Rotation ETF $XLSR

Envestnet Portfolio Solutions Inc. lifted its holdings in SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) by 8.5% in the second quarter, Holdings Channel reports. The fund owned 2,435,953 shares of the company’s stock after purchasing an additional 191,092 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.15% of SPDR SSGA US Sector Rotation ETF worth $157,996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. bought a new stake in SPDR SSGA US Sector Rotation ETF during the first quarter worth approximately $89,000. IFP Advisors Inc bought a new stake in shares of SPDR SSGA US Sector Rotation ETF in the 2nd quarter valued at approximately $131,000. Signature Equity Partners LLC bought a new stake in shares of SPDR SSGA US Sector Rotation ETF in the 1st quarter valued at approximately $169,000. Adamsbrown Wealth Consultants LLC purchased a new position in shares of SPDR SSGA US Sector Rotation ETF in the 2nd quarter worth approximately $251,000. Finally, Ruggiero Investments Inc. purchased a new position in shares of SPDR SSGA US Sector Rotation ETF in the 4th quarter worth approximately $259,000.

SPDR SSGA US Sector Rotation ETF Trading Down 0.8%

Shares of NYSEARCA XLSR traded down $0.55 during trading hours on Wednesday, hitting $66.71. 46,299 shares of the company traded hands, compared to its average volume of 60,516. The company’s 50 day moving average price is $65.62 and its 200 day moving average price is $63.76. SPDR SSGA US Sector Rotation ETF has a 12 month low of $55.71 and a 12 month high of $67.43. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 22.41 and a beta of 0.96.

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.