SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sets New 12-Month High – Still a Buy?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)’s stock price hit a new 52-week high on Thursday . The company traded as high as $62.81 and last traded at $62.5710, with a volume of 2894 shares. The stock had previously closed at $62.54.

SPDR SSGA US Sector Rotation ETF Price Performance

The business has a 50 day moving average price of $60.80 and a 200 day moving average price of $57.43. The firm has a market capitalization of $878.63 million, a P/E ratio of 22.41 and a beta of 0.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hibernia Wealth Partners LLC lifted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 98.9% during the second quarter. Hibernia Wealth Partners LLC now owns 420,646 shares of the company’s stock valued at $23,102,000 after acquiring an additional 209,154 shares during the period. Envestnet Asset Management Inc. lifted its holdings in SPDR SSGA US Sector Rotation ETF by 12.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,840,266 shares of the company’s stock valued at $109,698,000 after purchasing an additional 200,621 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in SPDR SSGA US Sector Rotation ETF by 9.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,907,224 shares of the company’s stock valued at $104,745,000 after buying an additional 159,209 shares in the last quarter. Austin Private Wealth LLC grew its stake in SPDR SSGA US Sector Rotation ETF by 70.6% during the second quarter. Austin Private Wealth LLC now owns 304,084 shares of the company’s stock worth $16,700,000 after buying an additional 125,819 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in SPDR SSGA US Sector Rotation ETF by 15.3% during the first quarter. NewEdge Advisors LLC now owns 278,772 shares of the company’s stock worth $14,153,000 after buying an additional 37,027 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.