SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Strong Trading Volume – Should You Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) shares saw strong trading volume on Tuesday . 2,002,358 shares were traded during mid-day trading, an increase of 1,277% from the previous session’s volume of 145,420 shares.The stock last traded at $56.3490 and had previously closed at $55.90.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.7%

The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00. The business has a 50 day moving average of $56.53 and a 200 day moving average of $55.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC increased its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 72.9% during the 2nd quarter. Corient Private Wealth LLC now owns 25,833 shares of the company’s stock worth $1,316,000 after purchasing an additional 10,891 shares during the last quarter. Gould Asset Management LLC CA lifted its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 5.5% in the third quarter. Gould Asset Management LLC CA now owns 183,066 shares of the company’s stock worth $10,041,000 after acquiring an additional 9,487 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 244.6% during the third quarter. Axxcess Wealth Management LLC now owns 46,567 shares of the company’s stock valued at $2,554,000 after purchasing an additional 33,054 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 2nd quarter worth approximately $55,000. Finally, Cerity Partners LLC boosted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 30.4% during the 2nd quarter. Cerity Partners LLC now owns 147,038 shares of the company’s stock valued at $7,489,000 after purchasing an additional 34,291 shares during the period.

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.