SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sees Large Volume Increase – Still a Buy?

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) saw unusually-high trading volume on Monday . Approximately 93,719 shares were traded during trading, an increase of 112% from the previous session’s volume of 44,212 shares.The stock last traded at $54.89 and had previously closed at $54.80.

SPDR SSGA US Sector Rotation ETF Price Performance

The firm has a market cap of $699.80 million, a price-to-earnings ratio of 23.24 and a beta of 0.96. The business’s 50-day moving average price is $54.61 and its two-hundred day moving average price is $53.07.

Institutional Investors Weigh In On SPDR SSGA US Sector Rotation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in XLSR. Envestnet Asset Management Inc. boosted its position in shares of SPDR SSGA US Sector Rotation ETF by 16.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,370,132 shares of the company’s stock worth $73,220,000 after purchasing an additional 196,292 shares during the last quarter. LPL Financial LLC grew its position in shares of SPDR SSGA US Sector Rotation ETF by 4.3% during the 3rd 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 period. Signal Advisors Wealth LLC increased its stake in shares of 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 during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of 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 worth $88,423,000 after purchasing an additional 127,682 shares in the last quarter. Finally, Kraft Davis & Associates LLC grew its stake in SPDR SSGA US Sector Rotation ETF by 1,929.4% in the fourth quarter. Kraft Davis & Associates LLC now owns 83,712 shares of the company’s stock valued at $4,603,000 after acquiring an additional 79,587 shares during the period.

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.