SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Trading 1% Higher – Should You Buy?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)’s share price traded up 1% during mid-day trading on Thursday . The stock traded as high as $66.60 and last traded at $66.50. 37,191 shares traded hands during trading, a decline of 40% from the average session volume of 61,770 shares. The stock had previously closed at $65.85.

SPDR SSGA US Sector Rotation ETF Trading Up 1.0%

The business has a 50 day moving average of $65.24 and a 200-day moving average of $63.31. The stock has a market cap of $1.05 billion, a PE ratio of 22.41 and a beta of 0.96.

Institutional Trading of SPDR SSGA US Sector Rotation ETF

Several institutional investors and hedge funds have recently made changes to their positions in XLSR. Brown Lisle Cummings Inc. purchased a new stake in SPDR SSGA US Sector Rotation ETF during the 1st quarter worth about $89,000. Wells Fargo & Company MN boosted its stake in shares of 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 purchasing an additional 1,028 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 purchasing an additional 425 shares during the last quarter. Signature Equity Partners LLC purchased a new stake in shares of SPDR SSGA US Sector Rotation ETF during the first quarter worth about $169,000. Finally, Sigma Planning Corp purchased a new stake in shares of SPDR SSGA US Sector Rotation ETF during the fourth quarter worth about $212,000.

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.