Lokken Investment Group LLC Cuts Stake in SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)

Lokken Investment Group LLC lessened its stake in shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) by 6.9% during the fourth quarter, HoldingsChannel reports. The firm owned 48,466 shares of the company’s stock after selling 3,578 shares during the period. SPDR SSGA US Sector Rotation ETF accounts for 1.1% of Lokken Investment Group LLC’s portfolio, making the stock its 21st largest position. Lokken Investment Group LLC’s holdings in SPDR SSGA US Sector Rotation ETF were worth $2,590,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of XLSR. Farther Finance Advisors LLC raised its holdings 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 valued at $106,000 after buying an additional 387 shares during the period. MeadowBrook Investment Advisors LLC purchased a new stake in shares of SPDR SSGA US Sector Rotation ETF during the fourth quarter valued at approximately $134,000. Smartleaf Asset Management LLC lifted its position in shares of SPDR SSGA US Sector Rotation ETF by 88.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,059 shares of the company’s stock worth $164,000 after purchasing an additional 1,435 shares in the last quarter. J2 Capital Management Inc purchased a new position in shares of SPDR SSGA US Sector Rotation ETF in the fourth quarter valued at $227,000. Finally, Allworth Financial LP acquired a new stake in SPDR SSGA US Sector Rotation ETF during the 4th quarter valued at $377,000.

SPDR SSGA US Sector Rotation ETF Price Performance

SPDR SSGA US Sector Rotation ETF stock opened at $50.77 on Tuesday. SPDR SSGA US Sector Rotation ETF has a 12-month low of $46.10 and a 12-month high of $56.30. The company has a market capitalization of $657.47 million, a price-to-earnings ratio of 21.67 and a beta of 0.96. The firm’s fifty day moving average price is $53.61 and its 200 day moving average price is $53.40.

SPDR SSGA US Sector Rotation ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.0868 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

SPDR SSGA US Sector Rotation ETF 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.