SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sees Unusually-High Trading Volume – Time to Buy?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) shares saw unusually-strong trading volume on Wednesday . Approximately 141,124 shares traded hands during trading, an increase of 106% from the previous session’s volume of 68,377 shares.The stock last traded at $44.79 and had previously closed at $44.58.

SPDR SSGA US Sector Rotation ETF Price Performance

The firm has a 50 day moving average of $52.51 and a 200-day moving average of $53.19. The stock has a market capitalization of $634.95 million, a P/E ratio of 21.67 and a beta of 0.96.

SPDR SSGA US Sector Rotation ETF Cuts Dividend

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

Hedge Funds Weigh In On SPDR SSGA US Sector Rotation ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Private Client Services LLC lifted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 3.8% during the first quarter. Private Client Services LLC now owns 6,824 shares of the company’s stock valued at $346,000 after acquiring an additional 249 shares during the period. Farther Finance Advisors LLC grew its stake in SPDR SSGA US Sector Rotation ETF by 24.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,978 shares of the company’s stock worth $106,000 after buying an additional 387 shares during the last quarter. Absolute Capital Management LLC increased its holdings in shares of SPDR SSGA US Sector Rotation ETF by 4.0% during the fourth quarter. Absolute Capital Management LLC now owns 10,158 shares of the company’s stock worth $545,000 after buying an additional 389 shares in the last quarter. First Heartland Consultants Inc. boosted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 8.3% in the 4th quarter. First Heartland Consultants Inc. now owns 5,242 shares of the company’s stock worth $280,000 after acquiring an additional 402 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in SPDR SSGA US Sector Rotation ETF by 1.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 68,225 shares of the company’s stock worth $3,646,000 after acquiring an additional 713 shares during the last quarter.

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.