SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Hits New 1-Year High – Should You Buy?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $55.73 and last traded at $55.70, with a volume of 49370 shares trading hands. The stock had previously closed at $55.14.

SPDR SSGA US Sector Rotation ETF Stock Up 1.1 %

The company has a 50 day simple moving average of $54.53 and a 200-day simple moving average of $52.69. The stock has a market cap of $578.02 million, a price-to-earnings ratio of 23.20 and a beta of 1.01.

Institutional Trading of SPDR SSGA US Sector Rotation ETF

Several institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its position in shares of SPDR SSGA US Sector Rotation ETF by 24.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,978 shares of the company’s stock worth $106,000 after purchasing an additional 387 shares during the period. MeadowBrook Investment Advisors LLC acquired a new stake in SPDR SSGA US Sector Rotation ETF in the fourth quarter worth $134,000. Smartleaf Asset Management LLC lifted its stake in SPDR SSGA US Sector Rotation ETF by 88.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,059 shares of the company’s stock valued at $164,000 after buying an additional 1,435 shares during the last quarter. Kraft Davis & Associates LLC bought a new stake in SPDR SSGA US Sector Rotation ETF in the third quarter valued at $214,000. Finally, Richardson Financial Services Inc. boosted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 98.8% during the third quarter. Richardson Financial Services Inc. now owns 4,243 shares of the company’s stock valued at $218,000 after acquiring an additional 2,109 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.