SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sees Strong Trading Volume – What’s Next?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) shares saw strong trading volume on Friday . 126,492 shares were traded during trading, an increase of 109% from the previous session’s volume of 60,412 shares.The stock last traded at $50.82 and had previously closed at $49.84.

SPDR SSGA US Sector Rotation ETF Price Performance

The business’s 50-day simple moving average is $54.07 and its 200-day simple moving average is $53.27. The company has a market cap of $651.91 million, a price-to-earnings ratio of 21.72 and a beta of 0.96.

Hedge Funds Weigh In On SPDR SSGA US Sector Rotation ETF

A number of hedge funds have recently added to or reduced their stakes in XLSR. Envestnet Asset Management Inc. increased its holdings in SPDR SSGA US Sector Rotation ETF by 16.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,370,132 shares of the company’s stock worth $73,220,000 after buying an additional 196,292 shares during the last quarter. LPL Financial LLC increased its holdings in SPDR SSGA US Sector Rotation ETF by 4.3% in the third quarter. LPL Financial LLC now owns 4,039,488 shares of the company’s stock worth $209,387,000 after buying an additional 166,370 shares during the last quarter. Signal Advisors Wealth LLC increased its holdings in SPDR SSGA US Sector Rotation ETF by 3,400.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 162,283 shares of the company’s stock worth $8,672,000 after buying an additional 157,647 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in SPDR SSGA US Sector Rotation ETF by 8.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,654,622 shares of the company’s stock valued at $88,423,000 after purchasing an additional 127,682 shares during the last quarter. Finally, Kraft Davis & Associates LLC grew its holdings in SPDR SSGA US Sector Rotation ETF by 1,929.4% during the fourth quarter. Kraft Davis & Associates LLC now owns 83,712 shares of the company’s stock valued at $4,603,000 after purchasing an additional 79,587 shares during the last quarter.

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.