SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Hits New 1-Year High – Here’s What Happened

Shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) reached a new 52-week high during trading on Thursday . The company traded as high as $63.22 and last traded at $63.19, with a volume of 45741 shares trading hands. The stock had previously closed at $62.34.

SPDR SSGA US Sector Rotation ETF Stock Up 1.4%

The business’s 50-day moving average price is $60.14 and its 200 day moving average price is $61.21. The company has a market capitalization of $941.64 million, a P/E ratio of 22.41 and a beta of 0.96.

Institutional Investors Weigh In On SPDR SSGA US Sector Rotation ETF

Several hedge funds have recently bought and sold shares of the stock. Raleigh Capital Management Inc. lifted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 15.7% in the 1st quarter. Raleigh Capital Management Inc. now owns 150,213 shares of the company’s stock worth $8,673,000 after acquiring an additional 20,330 shares during the last quarter. Integrity Wealth Partners LLC purchased a new position in SPDR SSGA US Sector Rotation ETF in the 1st quarter worth $1,429,000. World Investment Advisors lifted its stake in SPDR SSGA US Sector Rotation ETF by 4.0% in the first quarter. World Investment Advisors now owns 21,789 shares of the company’s stock worth $1,258,000 after purchasing an additional 832 shares during the last quarter. Private Advisor Group LLC lifted its stake in SPDR SSGA US Sector Rotation ETF by 1.6% in the first quarter. Private Advisor Group LLC now owns 89,691 shares of the company’s stock worth $5,179,000 after purchasing an additional 1,421 shares during the last quarter. Finally, Capital Asset Advisory Services LLC boosted its position in SPDR SSGA US Sector Rotation ETF by 4.9% during the first quarter. Capital Asset Advisory Services LLC now owns 10,514 shares of the company’s stock valued at $652,000 after buying an additional 491 shares during the period.

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.