SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sets New 1-Year High – Time to Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)’s share price reached a new 52-week high on Friday . The company traded as high as $50.15 and last traded at $50.16, with a volume of 771 shares changing hands. The stock had previously closed at $50.09.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.0 %

The stock has a market capitalization of $2.04 billion, a P/E ratio of 28.63 and a beta of 1.02. The business’s 50 day simple moving average is $49.13 and its two-hundred day simple moving average is $47.65.

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

Several institutional investors and hedge funds have recently made changes to their positions in SPYX. Allianz SE purchased a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $13,232,000. Lake Street Advisors Group LLC increased its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 13.8% during the third quarter. Lake Street Advisors Group LLC now owns 873,097 shares of the company’s stock worth $41,254,000 after buying an additional 105,916 shares during the last quarter. Spinnaker Trust increased its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 13.4% during the third quarter. Spinnaker Trust now owns 302,364 shares of the company’s stock worth $14,287,000 after buying an additional 35,626 shares during the last quarter. Jane Street Group LLC purchased a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $1,704,000. Finally, Raymond James Financial Inc. purchased a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $1,408,000.

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.