SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sees Strong Trading Volume – Should You Buy?

Shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) saw strong trading volume on Friday . 318,110 shares changed hands during trading, an increase of 417% from the previous session’s volume of 61,574 shares.The stock last traded at $65.39 and had previously closed at $66.41.

SPDR SSGA US Sector Rotation ETF Trading Down 2.3%

The firm has a market capitalization of $966.51 million, a price-to-earnings ratio of 22.41 and a beta of 0.96. The stock’s 50-day moving average is $62.64 and its 200-day moving average is $61.97.

Institutional Investors Weigh In On SPDR SSGA US Sector Rotation ETF

Several hedge funds have recently modified their holdings of XLSR. Quest 10 Wealth Builders Inc. increased its holdings in SPDR SSGA US Sector Rotation ETF by 97.5% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 950 shares of the company’s stock worth $59,000 after purchasing an additional 469 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of SPDR SSGA US Sector Rotation ETF during the first quarter worth about $89,000. Wells Fargo & Company MN grew its holdings in shares of SPDR SSGA US Sector Rotation ETF by 236.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,463 shares of the company’s stock worth $91,000 after purchasing an additional 1,028 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of SPDR SSGA US Sector Rotation ETF by 34.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,669 shares of the company’s stock worth $92,000 after purchasing an additional 425 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of SPDR SSGA US Sector Rotation ETF by 11.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $119,000 after buying an additional 202 shares during the period.

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.