SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Hits New 52-Week High – Should You Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)’s stock price hit a new 52-week high on Thursday . The company traded as high as $50.10 and last traded at $50.10, with a volume of 39961 shares. The stock had previously closed at $49.83.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.5 %

The company’s 50-day moving average is $48.93 and its two-hundred day moving average is $47.13. The company has a market cap of $2.04 billion, a P/E ratio of 28.63 and a beta of 1.02.

Hedge Funds Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lake Street Advisors Group LLC lifted its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 13.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 873,097 shares of the company’s stock valued at $41,254,000 after buying an additional 105,916 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 473,078 shares of the company’s stock worth $22,353,000 after purchasing an additional 3,054 shares during the period. Gemmer Asset Management LLC increased its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 5.6% in the fourth quarter. Gemmer Asset Management LLC now owns 388,075 shares of the company’s stock worth $18,686,000 after purchasing an additional 20,646 shares in the last quarter. Sensible Financial Planning & Management LLC. raised its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.4% in the third quarter. Sensible Financial Planning & Management LLC. now owns 386,001 shares of the company’s stock valued at $18,239,000 after purchasing an additional 1,461 shares during the period. Finally, Spinnaker Trust boosted its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 13.4% in the 3rd 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 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.