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

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) shares hit a new 52-week high on Thursday . The stock traded as high as $50.10 and last traded at $50.10, with a volume of 39961 shares. The stock had previously closed at $49.83.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 28.63 and a beta of 1.02. The firm’s 50 day moving average price is $48.99 and its two-hundred day moving average price is $47.18.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Kennebec Savings Bank purchased a new stake in SPDR S&P Fossil Fuel Reserves Free ETF in the 3rd quarter valued at about $89,000. Urban Financial Advisory Corp purchased a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter worth approximately $164,000. Key Financial Inc acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 3rd quarter valued at $215,000. Sigma Planning Corp purchased a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 3rd quarter valued at $347,000. Finally, Horst & Graben Wealth Management LLC raised its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 4.4% in the 3rd quarter. Horst & Graben Wealth Management LLC now owns 7,621 shares of the company’s stock worth $360,000 after buying an additional 318 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.