SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Sees Unusually-High Trading Volume – Still a Buy?

SPDR S&P 500 ESG ETF (NYSEARCA:EFIVGet Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 961,723 shares were traded during mid-day trading, an increase of 957% from the previous session’s volume of 90,979 shares.The stock last traded at $58.71 and had previously closed at $58.46.

SPDR S&P 500 ESG ETF Trading Up 0.7 %

The company’s fifty day moving average is $56.64 and its two-hundred day moving average is $54.50. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 25.21 and a beta of 1.02.

Institutional Investors Weigh In On SPDR S&P 500 ESG ETF

Several institutional investors have recently modified their holdings of EFIV. Cetera Advisors LLC purchased a new stake in SPDR S&P 500 ESG ETF in the first quarter valued at $622,000. CWM LLC raised its holdings in SPDR S&P 500 ESG ETF by 11.2% during the second quarter. CWM LLC now owns 5,296 shares of the company’s stock worth $281,000 after purchasing an additional 534 shares in the last quarter. Brave Asset Management Inc. raised its holdings in SPDR S&P 500 ESG ETF by 8.9% during the second quarter. Brave Asset Management Inc. now owns 5,299 shares of the company’s stock worth $281,000 after purchasing an additional 434 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in SPDR S&P 500 ESG ETF during the second quarter worth about $319,000. Finally, SOA Wealth Advisors LLC. increased its holdings in SPDR S&P 500 ESG ETF by 801.3% in the second quarter. SOA Wealth Advisors LLC. now owns 90,489 shares of the company’s stock valued at $4,805,000 after buying an additional 80,449 shares in the last quarter.

About SPDR S&P 500 ESG ETF

(Get Free Report)

The SPDR S&P 500 ESG ETF (EFIV) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund tracks a market-cap weighted index of S&P 500 stocks that are screened for sustainability criteria related to ESG factors. EFIV was launched on Jul 27, 2020 and is managed by State Street.

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