SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Strong Trading Volume – What’s Next?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) shares saw an uptick in trading volume on Wednesday . 143,462 shares traded hands during trading, an increase of 28% from the previous session’s volume of 112,202 shares.The stock last traded at $45.68 and had previously closed at $45.62.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 25.12 and a beta of 1.00. The business’s fifty day moving average price is $48.87 and its 200-day moving average price is $48.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the fourth quarter valued at approximately $36,000. Steward Partners Investment Advisory LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the fourth quarter valued at $85,000. Kennebec Savings Bank bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the third quarter valued at $89,000. Keystone Financial Group bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter valued at about $94,000. Finally, Flagship Wealth Advisors LLC bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter valued at about $100,000.

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.