Spinnaker Trust Grows Stake in SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG)

Spinnaker Trust boosted its stake in SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) by 1,075.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,203 shares of the company’s stock after buying an additional 49,593 shares during the quarter. Spinnaker Trust owned approximately 1.36% of SPDR S&P Kensho Clean Power ETF worth $3,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in shares of SPDR S&P Kensho Clean Power ETF by 11.0% during the third quarter. LPL Financial LLC now owns 176,174 shares of the company’s stock valued at $11,884,000 after acquiring an additional 17,389 shares during the last quarter. Capital Analysts LLC raised its stake in SPDR S&P Kensho Clean Power ETF by 1.4% in the 4th quarter. Capital Analysts LLC now owns 20,610 shares of the company’s stock valued at $1,479,000 after purchasing an additional 284 shares during the last quarter. Modera Wealth Management LLC purchased a new position in SPDR S&P Kensho Clean Power ETF in the 3rd quarter valued at $1,198,000. Wealthfront Advisers LLC boosted its stake in SPDR S&P Kensho Clean Power ETF by 38.3% during the 3rd quarter. Wealthfront Advisers LLC now owns 11,010 shares of the company’s stock worth $743,000 after purchasing an additional 3,050 shares during the last quarter. Finally, USAdvisors Wealth Management LLC grew its holdings in shares of SPDR S&P Kensho Clean Power ETF by 7.5% during the third quarter. USAdvisors Wealth Management LLC now owns 8,259 shares of the company’s stock worth $557,000 after buying an additional 574 shares in the last quarter.

SPDR S&P Kensho Clean Power ETF Stock Performance

Shares of NYSEARCA:CNRG traded up $0.96 during midday trading on Friday, hitting $58.93. The company’s stock had a trading volume of 5,347 shares, compared to its average volume of 19,509. SPDR S&P Kensho Clean Power ETF has a 12-month low of $56.52 and a 12-month high of $89.34. The company has a market cap of $190.93 million, a P/E ratio of 11.66 and a beta of 1.57. The business’s 50 day simple moving average is $62.04 and its 200 day simple moving average is $63.97.

About SPDR S&P Kensho Clean Power ETF

The SPDR Kensho Clean Power ETF (CNRG) is an exchange-traded fund that is based on the S&P Kensho Clean Power index. The fund tracks a tier-weighted index of US equities associated with the clean power sector. CNRG was launched on Oct 22, 2018 and is managed by State Street.