SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sets New 52-Week High – Time to Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)’s share price reached 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 Performance

The company’s 50 day simple moving average is $48.93 and its 200-day simple moving average is $47.13. The firm has a market capitalization of $2.04 billion, a PE ratio of 28.63 and a beta of 1.02.

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

A number of institutional investors have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC boosted its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 164.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 16,145 shares of the company’s stock worth $720,000 after purchasing an additional 10,048 shares in the last quarter. Burns J W & Co. Inc. NY lifted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 9.7% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 9,325 shares of the company’s stock worth $441,000 after buying an additional 825 shares during the last quarter. First National Corp MA ADV boosted its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 19.4% in the third quarter. First National Corp MA ADV now owns 22,166 shares of the company’s stock worth $1,047,000 after buying an additional 3,598 shares in the last quarter. CWM LLC grew its position in SPDR S&P Fossil Fuel Reserves Free ETF by 26.3% during the third quarter. CWM LLC now owns 15,225 shares of the company’s stock valued at $719,000 after acquiring an additional 3,170 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY raised its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 21.5% during the third quarter. Matrix Asset Advisors Inc. NY now owns 11,784 shares of the company’s stock worth $557,000 after acquiring an additional 2,087 shares in the last quarter.

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.