SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Sees Strong Trading Volume – Here’s Why

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) shares saw an uptick in trading volume on Tuesday . 306,515 shares traded hands during trading, an increase of 272% from the previous session’s volume of 82,313 shares.The stock last traded at $56.50 and had previously closed at $56.51.

SPDR S&P 500 ESG ETF Stock Down 2.1 %

The firm has a market cap of $1.28 billion, a P/E ratio of 25.21 and a beta of 1.02. The firm has a fifty day moving average of $55.20 and a 200-day moving average of $53.17.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mattson Financial Services LLC bought a new stake in shares of SPDR S&P 500 ESG ETF in the 2nd quarter valued at about $42,000. Paladin Wealth LLC acquired a new position in shares of SPDR S&P 500 ESG ETF in the third quarter worth approximately $63,000. Benjamin F. Edwards & Company Inc. boosted its holdings in SPDR S&P 500 ESG ETF by 371.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,197 shares of the company’s stock valued at $64,000 after acquiring an additional 943 shares during the last quarter. Brown Financial Advisors acquired a new stake in SPDR S&P 500 ESG ETF during the 2nd quarter valued at approximately $155,000. Finally, Front Row Advisors LLC bought a new position in SPDR S&P 500 ESG ETF during the 2nd quarter worth approximately $182,000.

SPDR S&P 500 ESG ETF Company Profile

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.