SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Strong Trading Volume – Time to Buy?

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw an uptick in trading volume on Thursday . Approximately 417,573 shares changed hands during mid-day trading, an increase of 215% from the previous session’s volume of 132,391 shares.The stock last traded at $60.50 and had previously closed at $59.94.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.7%

The stock has a market capitalization of $2.75 billion, a PE ratio of 26.26 and a beta of 1.01. The stock’s 50 day moving average price is $61.07 and its 200-day moving average price is $58.16.

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

A number of institutional investors have recently bought and sold shares of SPYX. Optima Capital LLC bought a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter valued at about $31,000. Advisory Services Network LLC bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the third quarter worth about $55,000. Palisade Asset Management LLC purchased a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter worth about $55,000. Oak Harbor Wealth Partners LLC purchased a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $56,000. Finally, Private Trust Co. NA raised its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 162.4% during the 4th quarter. Private Trust Co. NA now owns 1,236 shares of the company’s stock valued at $69,000 after purchasing an additional 765 shares during the period.

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.