Absolute Capital Management LLC Raises Stake in SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)

Absolute Capital Management LLC raised its position in SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) by 4.0% in the fourth quarter, Holdings Channel reports. The fund owned 10,158 shares of the company’s stock after buying an additional 389 shares during the period. Absolute Capital Management LLC’s holdings in SPDR SSGA US Sector Rotation ETF were worth $545,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in SPDR SSGA US Sector Rotation ETF by 4.3% in the third quarter. LPL Financial LLC now owns 4,039,488 shares of the company’s stock worth $209,387,000 after acquiring an additional 166,370 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in SPDR SSGA US Sector Rotation ETF by 8.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,654,622 shares of the company’s stock worth $88,423,000 after acquiring an additional 127,682 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of SPDR SSGA US Sector Rotation ETF by 2.8% during the 4th quarter. Park Avenue Securities LLC now owns 420,225 shares of the company’s stock worth $22,457,000 after buying an additional 11,416 shares during the last quarter. Landmark Wealth Management Inc. lifted its position in shares of SPDR SSGA US Sector Rotation ETF by 0.9% during the 4th quarter. Landmark Wealth Management Inc. now owns 235,066 shares of the company’s stock worth $12,562,000 after buying an additional 2,108 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in shares of SPDR SSGA US Sector Rotation ETF by 16.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 181,254 shares of the company’s stock worth $9,686,000 after buying an additional 25,112 shares during the last quarter.

SPDR SSGA US Sector Rotation ETF Trading Down 0.4 %

Shares of NYSEARCA:XLSR opened at $51.38 on Friday. The company has a market capitalization of $656.12 million, a PE ratio of 21.72 and a beta of 0.96. SPDR SSGA US Sector Rotation ETF has a twelve month low of $46.10 and a twelve month high of $56.30. The firm has a 50 day simple moving average of $53.88 and a 200-day simple moving average of $53.26.

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.