SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Hits New 1-Year High – What’s Next?

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $57.00 and last traded at $57.00, with a volume of 19485 shares trading hands. The stock had previously closed at $56.65.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The firm has a market capitalization of $2.54 billion, a P/E ratio of 26.26 and a beta of 1.00. The business has a 50 day moving average price of $55.98 and a 200 day moving average price of $54.05.

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

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in SPDR S&P Fossil Fuel Reserves Free ETF by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,426,657 shares of the company’s stock valued at $72,660,000 after acquiring an additional 4,260 shares during the period. Bank of America Corp DE boosted its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 5.0% in the 3rd quarter. Bank of America Corp DE now owns 888,396 shares of the company’s stock valued at $48,729,000 after purchasing an additional 42,236 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 507,940 shares of the company’s stock worth $27,861,000 after purchasing an additional 4,657 shares during the last quarter. Gemmer Asset Management LLC increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 8.5% during the 3rd quarter. Gemmer Asset Management LLC now owns 441,598 shares of the company’s stock worth $24,222,000 after purchasing an additional 34,456 shares in the last quarter. Finally, Spinnaker Trust lifted its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 41.9% during the 3rd quarter. Spinnaker Trust now owns 424,171 shares of the company’s stock valued at $23,266,000 after purchasing an additional 125,227 shares during 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.