SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Unusually-High Trading Volume – Still a Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw an uptick in trading volume on Wednesday . 280,533 shares changed hands during mid-day trading, an increase of 152% from the previous session’s volume of 111,366 shares.The stock last traded at $48.13 and had previously closed at $48.41.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The stock has a market capitalization of $1.96 billion, a PE ratio of 28.63 and a beta of 1.02. The stock has a 50 day moving average of $47.38 and a two-hundred day moving average of $45.47.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPYX. International Assets Investment Management LLC purchased a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter worth about $29,000. Larson Financial Group LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth about $30,000. Rothschild Investment LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter valued at about $86,000. Kennebec Savings Bank bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter worth $89,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 2nd quarter valued at $149,000.

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.