Spinnaker Trust Grows Stock Position in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)

Spinnaker Trust raised its stake in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,387 shares of the company’s stock after purchasing an additional 858 shares during the period. Spinnaker Trust’s holdings in SPDR S&P Fossil Fuel Reserves Free ETF were worth $10,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in SPYX. Gemmer Asset Management LLC raised its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 12.8% during the third quarter. Gemmer Asset Management LLC now owns 215,180 shares of the company’s stock worth $7,473,000 after purchasing an additional 24,472 shares in the last quarter. Gould Asset Management LLC CA grew its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.3% in the 3rd quarter. Gould Asset Management LLC CA now owns 169,989 shares of the company’s stock valued at $5,904,000 after buying an additional 560 shares during the last quarter. Raymond James & Associates acquired a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the 3rd quarter worth $393,000. Boyd Wealth Management LLC lifted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 13.5% in the third quarter. Boyd Wealth Management LLC now owns 29,124 shares of the company’s stock valued at $1,011,000 after acquiring an additional 3,457 shares during the last quarter. Finally, Sensible Financial Planning & Management LLC. lifted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 1.3% in the third quarter. Sensible Financial Planning & Management LLC. now owns 433,618 shares of the company’s stock valued at $15,060,000 after acquiring an additional 5,621 shares during the last quarter.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

Shares of SPYX stock traded up $0.44 during mid-day trading on Friday, hitting $41.52. 29,672 shares of the stock were exchanged, compared to its average volume of 122,412. The stock’s fifty day simple moving average is $41.82 and its two-hundred day simple moving average is $39.15. SPDR S&P Fossil Fuel Reserves Free ETF has a 12-month low of $32.86 and a 12-month high of $42.89. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 27.61 and a beta of 1.02.

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.