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

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) shares saw strong trading volume on Tuesday . 136,972 shares changed hands during trading, an increase of 171% from the previous session’s volume of 50,498 shares.The stock last traded at $52.00 and had previously closed at $53.16.

SPDR SSGA US Sector Rotation ETF Stock Down 1.4 %

The firm has a 50 day simple moving average of $54.57 and a two-hundred day simple moving average of $53.27. The stock has a market capitalization of $669.53 million, a P/E ratio of 23.24 and a beta of 0.96.

Institutional Trading of SPDR SSGA US Sector Rotation ETF

A number of hedge funds and other institutional investors have recently modified their holdings of XLSR. Farther Finance Advisors LLC grew its holdings in shares of SPDR SSGA US Sector Rotation ETF by 24.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,978 shares of the company’s stock worth $106,000 after purchasing an additional 387 shares during the last quarter. Absolute Capital Management LLC boosted its position in SPDR SSGA US Sector Rotation ETF by 4.0% during the 4th quarter. Absolute Capital Management LLC now owns 10,158 shares of the company’s stock worth $545,000 after buying an additional 389 shares during the period. First Heartland Consultants Inc. grew its holdings in SPDR SSGA US Sector Rotation ETF by 8.3% during the 4th quarter. First Heartland Consultants Inc. now owns 5,242 shares of the company’s stock worth $280,000 after acquiring an additional 402 shares during the last quarter. Commonwealth Equity Services LLC increased its position in SPDR SSGA US Sector Rotation ETF by 1.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 68,225 shares of the company’s stock valued at $3,646,000 after acquiring an additional 713 shares during the period. Finally, Capital CS Group LLC increased its position in SPDR SSGA US Sector Rotation ETF by 12.5% in the 4th quarter. Capital CS Group LLC now owns 8,820 shares of the company’s stock valued at $471,000 after acquiring an additional 982 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.