SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Reaches New 12-Month High – Should You Buy?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $66.17 and last traded at $66.05, with a volume of 4319 shares traded. The stock had previously closed at $65.92.

SPDR SSGA US Sector Rotation ETF Price Performance

The stock’s fifty day simple moving average is $61.72 and its 200-day simple moving average is $61.75. The stock has a market cap of $986.91 million, a P/E ratio of 22.41 and a beta of 0.96.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Hibernia Wealth Partners LLC grew its position in SPDR SSGA US Sector Rotation ETF by 91.9% in the fourth quarter. Hibernia Wealth Partners LLC now owns 420,972 shares of the company’s stock worth $26,231,000 after buying an additional 201,647 shares during the last quarter. Envestnet Asset Management Inc. grew its position in SPDR SSGA US Sector Rotation ETF by 12.2% during 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 in the last quarter. Mosley Wealth Management acquired a new stake in shares of SPDR SSGA US Sector Rotation ETF during the 4th quarter valued at $12,029,000. Axxcess Wealth Management LLC boosted its stake in shares of SPDR SSGA US Sector Rotation ETF by 137.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 203,070 shares of the company’s stock valued at $12,653,000 after buying an additional 117,402 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in SPDR SSGA US Sector Rotation ETF by 3.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,038,665 shares of the company’s stock worth $127,029,000 after purchasing an additional 68,680 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.