SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sets New 52-Week High – Time to Buy?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) reached a new 52-week high during trading on Tuesday . The stock traded as high as $66.71 and last traded at $66.66, with a volume of 23176 shares changing hands. The stock had previously closed at $65.23.

SPDR SSGA US Sector Rotation ETF Stock Up 2.1%

The business has a 50-day moving average price of $64.72 and a two-hundred day moving average price of $62.62. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 22.41 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XLSR. Hibernia Wealth Partners LLC grew its holdings in SPDR SSGA US Sector Rotation ETF by 91.9% during 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 in the last quarter. Mosley Wealth Management bought a new stake in shares of SPDR SSGA US Sector Rotation ETF in the 4th quarter worth $12,029,000. Axxcess Wealth Management LLC raised its holdings in shares of SPDR SSGA US Sector Rotation ETF by 137.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 203,070 shares of the company’s stock valued at $12,653,000 after purchasing an additional 117,402 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of SPDR SSGA US Sector Rotation ETF by 3.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,038,665 shares of the company’s stock valued at $127,029,000 after purchasing an additional 68,680 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in SPDR SSGA US Sector Rotation ETF by 198.5% during the fourth quarter. Kestra Advisory Services LLC now owns 85,179 shares of the company’s stock worth $5,307,000 after purchasing an additional 56,641 shares during the last quarter.

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.