SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sets New 12-Month High – Here’s Why

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $61.35 and last traded at $61.35, with a volume of 9271 shares traded. The stock had previously closed at $60.77.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

The business has a fifty day simple moving average of $56.90 and a 200-day simple moving average of $56.43. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00.

Hedge Funds Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC increased its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 9.7% in the 1st quarter. Western Wealth Management LLC now owns 21,132 shares of the company’s stock worth $1,121,000 after purchasing an additional 1,864 shares in the last quarter. Bank of America Corp DE increased its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 6.5% in the first quarter. Bank of America Corp DE now owns 1,011,233 shares of the company’s stock valued at $53,626,000 after buying an additional 61,516 shares during the period. Constant Guidance Financial LLC acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the first quarter valued at about $681,000. Royal Bank of Canada increased its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 21.8% in the first quarter. Royal Bank of Canada now owns 266,749 shares of the company’s stock valued at $14,146,000 after buying an additional 47,737 shares during the period. Finally, Sei Investments Co. increased its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 1.0% in the first quarter. Sei Investments Co. now owns 123,132 shares of the company’s stock valued at $6,530,000 after buying an additional 1,260 shares during the period.

About SPDR S&P Fossil Fuel Reserves Free ETF

The SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is an exchange-traded fund that is based on the S&P 500 Fossil Fuel Free index. The fund follows an S&P 500- based index excluding companies with known fossil fuel reserves. SPYX was launched on Nov 30, 2015 and is managed by State Street.