SPDR SSGA US Sector Rotation ETF $XLSR Stock Position Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) by 12.2% during the second quarter, HoldingsChannel.com reports. The firm owned 1,639,645 shares of the company’s stock after acquiring an additional 177,767 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of SPDR SSGA US Sector Rotation ETF worth $90,049,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in SPDR SSGA US Sector Rotation ETF by 23.0% during the second quarter. Farther Finance Advisors LLC now owns 1,752 shares of the company’s stock valued at $96,000 after purchasing an additional 328 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in SPDR SSGA US Sector Rotation ETF during the second quarter valued at approximately $212,000. Smartleaf Asset Management LLC grew its position in SPDR SSGA US Sector Rotation ETF by 47.6% during the first quarter. Smartleaf Asset Management LLC now owns 4,516 shares of the company’s stock valued at $228,000 after purchasing an additional 1,457 shares in the last quarter. Nwam LLC grew its position in SPDR SSGA US Sector Rotation ETF by 6.6% during the first quarter. Nwam LLC now owns 5,408 shares of the company’s stock valued at $275,000 after purchasing an additional 335 shares in the last quarter. Finally, M1 Capital Management LLC grew its position in SPDR SSGA US Sector Rotation ETF by 5.2% during the first quarter. M1 Capital Management LLC now owns 5,658 shares of the company’s stock valued at $287,000 after purchasing an additional 281 shares in the last quarter.

SPDR SSGA US Sector Rotation ETF Stock Performance

Shares of XLSR opened at $62.27 on Thursday. The company’s 50 day moving average price is $59.28 and its 200 day moving average price is $55.38. SPDR SSGA US Sector Rotation ETF has a 52 week low of $43.22 and a 52 week high of $62.44. The company has a market capitalization of $883.61 million, a PE ratio of 22.41 and a beta of 0.97.

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.