SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Reaches New 52-Week High – Still a Buy?

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYXGet Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $58.62 and last traded at $58.61, with a volume of 400586 shares trading hands. The stock had previously closed at $58.20.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.3%

The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00. The company’s 50 day moving average is $55.53 and its 200 day moving average is $55.91.

Institutional Investors Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

A number of hedge funds have recently made changes to their positions in SPYX. Windmill Hill Asset Management Ltd raised its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 6.9% during the 4th quarter. Windmill Hill Asset Management Ltd now owns 6,341,875 shares of the company’s stock worth $356,350,000 after purchasing an additional 409,450 shares during the period. Beacon Pointe Advisors LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter worth $22,103,000. Tiff Advisory Services LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 3rd quarter worth $18,614,000. Mariner LLC raised its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 162.1% during the 4th quarter. Mariner LLC now owns 231,043 shares of the company’s stock worth $12,982,000 after purchasing an additional 142,899 shares during the period. Finally, Xponance Inc. bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 3rd quarter worth $7,603,000.

About SPDR S&P Fossil Fuel Reserves Free ETF

(Get Free Report)

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.

Further Reading

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