SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Reaches New 1-Year High – Still a Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) hit a new 52-week high on Thursday . The company traded as high as $63.92 and last traded at $63.92, with a volume of 3880 shares. The stock had previously closed at $63.41.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

The stock has a fifty day simple moving average of $61.31 and a 200-day simple moving average of $58.53. The stock has a market cap of $2.85 billion, a P/E ratio of 26.26 and a beta of 1.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Windmill Hill Asset Management Ltd grew its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 6.9% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 6,341,875 shares of the company’s stock valued at $356,350,000 after acquiring an additional 409,450 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the fourth quarter valued at about $22,103,000. Mariner LLC raised its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 162.1% during the fourth quarter. Mariner LLC now owns 231,043 shares of the company’s stock worth $12,982,000 after acquiring an additional 142,899 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter valued at approximately $3,613,000. Finally, Bank of America Corp DE boosted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 6.5% during the first quarter. Bank of America Corp DE now owns 1,011,233 shares of the company’s stock valued at $53,626,000 after purchasing an additional 61,516 shares during the last quarter.

About SPDR S&P Fossil Fuel Reserves Free ETF

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.