SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Reaches New 12-Month High – Should You Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $56.93 and last traded at $56.93, with a volume of 23913 shares trading hands. The stock had previously closed at $56.72.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The business has a fifty day moving average of $55.74 and a 200-day moving average of $53.59. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00.

Institutional Investors Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

A number of institutional investors and hedge funds have recently modified their holdings of SPYX. Bank of New York Mellon Corp lifted its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,426,657 shares of the company’s stock valued at $72,660,000 after acquiring an additional 4,260 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 5.0% during the 3rd quarter. Bank of America Corp DE now owns 888,396 shares of the company’s stock worth $48,729,000 after acquiring an additional 42,236 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 0.9% during the third quarter. PNC Financial Services Group Inc. now owns 507,940 shares of the company’s stock valued at $27,861,000 after purchasing an additional 4,657 shares during the last quarter. Gemmer Asset Management LLC grew its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 8.5% in the 3rd quarter. Gemmer Asset Management LLC now owns 441,598 shares of the company’s stock valued at $24,222,000 after buying an additional 34,456 shares during the last quarter. Finally, Spinnaker Trust grew its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 41.9% in the 3rd quarter. Spinnaker Trust now owns 424,171 shares of the company’s stock valued at $23,266,000 after buying an additional 125,227 shares during the last quarter.

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.