Kraft Davis & Associates LLC Decreases Stake in SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR)

Kraft Davis & Associates LLC cut its position in SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) by 94.0% during the first quarter, Holdings Channel reports. The firm owned 5,056 shares of the company’s stock after selling 78,656 shares during the period. Kraft Davis & Associates LLC’s holdings in SPDR SSGA US Sector Rotation ETF were worth $239,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV purchased a new stake in shares of SPDR SSGA US Sector Rotation ETF in the 1st quarter valued at $78,000. Farther Finance Advisors LLC lifted its stake in shares of SPDR SSGA US Sector Rotation ETF by 24.3% in 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 during the period. Smartleaf Asset Management LLC increased its holdings in SPDR SSGA US Sector Rotation ETF by 88.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,059 shares of the company’s stock valued at $164,000 after buying an additional 1,435 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new position in shares of SPDR SSGA US Sector Rotation ETF in the fourth quarter worth about $241,000. Finally, Transce3nd LLC acquired a new position in shares of SPDR SSGA US Sector Rotation ETF in the fourth quarter worth about $260,000.

SPDR SSGA US Sector Rotation ETF Price Performance

SPDR SSGA US Sector Rotation ETF stock opened at $53.94 on Thursday. The business has a 50 day simple moving average of $51.61 and a 200-day simple moving average of $52.46. SPDR SSGA US Sector Rotation ETF has a 12 month low of $43.22 and a 12 month high of $56.30. The stock has a market capitalization of $731.97 million, a PE ratio of 22.41 and a beta of 0.98.

SPDR SSGA US Sector Rotation ETF 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.