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 an uptick in trading volume on Friday . 126,492 shares changed hands 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 Stock Performance

The company has a market capitalization of $651.91 million, a price-to-earnings ratio of 21.72 and a beta of 0.96. The company has a 50-day moving average price of $54.07 and a 200-day moving average price of $53.27.

Hedge Funds Weigh In On SPDR SSGA US Sector Rotation ETF

Several institutional investors have recently modified their holdings of XLSR. Farther Finance Advisors LLC lifted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 24.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,978 shares of the company’s stock valued at $106,000 after purchasing an additional 387 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new position in shares of SPDR SSGA US Sector Rotation ETF during the 4th quarter valued at about $134,000. Smartleaf Asset Management LLC lifted its holdings in shares of SPDR SSGA US Sector Rotation ETF by 88.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,059 shares of the company’s stock valued at $164,000 after purchasing an additional 1,435 shares in the last quarter. Kraft Davis & Associates LLC bought a new position in shares of SPDR SSGA US Sector Rotation ETF during the 3rd quarter valued at about $214,000. Finally, J2 Capital Management Inc bought a new position in shares of SPDR SSGA US Sector Rotation ETF during the 4th quarter valued at about $227,000.

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.