SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Hits New 52-Week Low – Should You Sell?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $45.71 and last traded at $45.96, with a volume of 79345 shares trading hands. The stock had previously closed at $48.51.

SPDR SSGA US Sector Rotation ETF Trading Down 6.6 %

The company has a fifty day moving average of $53.32 and a 200-day moving average of $53.35. The company has a market capitalization of $586.89 million, a price-to-earnings ratio of 21.67 and a beta of 0.96.

SPDR SSGA US Sector Rotation ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.0868 per share. The ex-dividend date was Wednesday, March 26th.

Hedge Funds Weigh In On SPDR SSGA US Sector Rotation ETF

A number of institutional investors have recently bought and sold shares of XLSR. HighTower Advisors LLC raised its holdings in SPDR SSGA US Sector Rotation ETF by 5.3% in the 3rd quarter. HighTower Advisors LLC now owns 91,031 shares of the company’s stock valued at $4,729,000 after buying an additional 4,581 shares during the period. Stifel Financial Corp lifted its stake in SPDR SSGA US Sector Rotation ETF by 14.7% during the 3rd quarter. Stifel Financial Corp now owns 10,387 shares of the company’s stock worth $538,000 after acquiring an additional 1,330 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in SPDR SSGA US Sector Rotation ETF by 19.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 113,616 shares of the company’s stock valued at $6,178,000 after acquiring an additional 18,739 shares during the period. Signal Advisors Wealth LLC grew its position in SPDR SSGA US Sector Rotation ETF by 3,400.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 162,283 shares of the company’s stock valued at $8,672,000 after acquiring an additional 157,647 shares in the last quarter. Finally, Global Financial Private Client LLC lifted its position in shares of SPDR SSGA US Sector Rotation ETF by 2.3% during the fourth quarter. Global Financial Private Client LLC now owns 49,593 shares of the company’s stock worth $2,650,000 after purchasing an additional 1,124 shares in 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.