SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Reaches New 1-Year High – Should You Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $54.48 and last traded at $54.32, with a volume of 37468 shares changing hands. The stock had previously closed at $54.39.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Down 0.1%

The business’s fifty day moving average price is $52.55 and its 200-day moving average price is $48.95. The company has a market capitalization of $2.36 billion, a P/E ratio of 26.26 and a beta of 0.99.

Institutional Trading of SPDR S&P Fossil Fuel Reserves Free ETF

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 4.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,317 shares of the company’s stock worth $838,000 after buying an additional 809 shares during the last quarter. Partners Capital Investment Group LLP boosted its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 39.9% in the first quarter. Partners Capital Investment Group LLP now owns 839,585 shares of the company’s stock valued at $38,411,000 after acquiring an additional 239,534 shares in the last quarter. Cetera Investment Advisers boosted its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 3.2% in the fourth quarter. Cetera Investment Advisers now owns 16,440 shares of the company’s stock valued at $792,000 after acquiring an additional 503 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in SPDR S&P Fossil Fuel Reserves Free ETF by 148.3% during the 1st quarter. Atria Wealth Solutions Inc. now owns 20,549 shares of the company’s stock valued at $940,000 after purchasing an additional 12,273 shares during the period. Finally, NBC Securities Inc. bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the 1st quarter worth $43,000.

SPDR S&P Fossil Fuel Reserves Free ETF Company Profile

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.