Shares of SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR – Get Free Report) shot up 1% during trading on Thursday . The company traded as high as $66.60 and last traded at $66.50. Approximately 37,191 shares were traded during mid-day trading, a decline of 40% from the average session volume of 61,770 shares. The stock had previously closed at $65.85.
SPDR SSGA US Sector Rotation ETF Stock Performance
The firm’s fifty day moving average is $65.31 and its 200-day moving average is $63.33. The company has a market capitalization of $1.04 billion, a P/E ratio of 22.41 and a beta of 0.96.
Hedge Funds Weigh In On SPDR SSGA US Sector Rotation ETF
A number of hedge funds and other institutional investors have recently modified their holdings of XLSR. Royal Bank of Canada raised its holdings in shares of SPDR SSGA US Sector Rotation ETF by 1.2% during the 1st quarter. Royal Bank of Canada now owns 21,403 shares of the company’s stock valued at $1,087,000 after buying an additional 250 shares in the last quarter. Jane Street Group LLC bought a new position in SPDR SSGA US Sector Rotation ETF during the first quarter valued at approximately $597,000. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 425 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR SSGA US Sector Rotation ETF during the second quarter worth approximately $285,000. Finally, MML Investors Services LLC bought a new stake in shares of SPDR SSGA US Sector Rotation ETF in the 2nd quarter worth approximately $1,695,000.
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.
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