SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Strong Trading Volume – Here’s What Happened

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw unusually-strong trading volume on Friday . Approximately 266,598 shares traded hands during mid-day trading, an increase of 169% from the previous session’s volume of 99,110 shares.The stock last traded at $56.2390 and had previously closed at $56.01.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.5%

The company has a market cap of $2.48 billion, a P/E ratio of 26.26 and a beta of 1.00. The firm’s 50 day moving average is $55.25 and its two-hundred day moving average is $52.64.

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

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the third quarter worth approximately $55,000. Palisade Asset Management LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 3rd quarter worth approximately $55,000. United Capital Financial Advisors LLC lifted its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 5.8% in the 3rd quarter. United Capital Financial Advisors LLC now owns 29,450 shares of the company’s stock worth $1,615,000 after purchasing an additional 1,611 shares during the period. Susquehanna International Group LLP boosted its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 148.7% in the 3rd quarter. Susquehanna International Group LLP now owns 56,120 shares of the company’s stock valued at $3,078,000 after purchasing an additional 33,555 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 20.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 8,482 shares of the company’s stock valued at $465,000 after purchasing an additional 1,462 shares during the last quarter.

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.