SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Hits New 52-Week High – Here’s What Happened

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $67.19 and last traded at $67.19, with a volume of 41602 shares changing hands. The stock had previously closed at $66.07.

SPDR SSGA US Sector Rotation ETF Price Performance

The stock has a 50-day moving average of $65.62 and a 200 day moving average of $63.76. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 22.41 and a beta of 0.96.

Hedge Funds Weigh In On SPDR SSGA US Sector Rotation ETF

Several large investors have recently bought and sold shares of XLSR. NewEdge Advisors LLC raised its stake in SPDR SSGA US Sector Rotation ETF by 6.9% during the 2nd quarter. NewEdge Advisors LLC now owns 307,442 shares of the company’s stock worth $19,941,000 after buying an additional 19,798 shares during the period. IFP Advisors Inc acquired a new stake in shares of SPDR SSGA US Sector Rotation ETF during the second quarter worth about $131,000. Brown Lisle Cummings Inc. lifted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 45.8% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 2,239 shares of the company’s stock valued at $145,000 after purchasing an additional 703 shares in the last quarter. SMART Wealth LLC acquired a new position in shares of SPDR SSGA US Sector Rotation ETF in the 2nd quarter valued at approximately $7,094,000. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of SPDR SSGA US Sector Rotation ETF in the second quarter valued at approximately $440,000.

SPDR SSGA US Sector Rotation ETF Company 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.