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

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw an uptick in trading volume on Friday . 615,696 shares were traded during trading, an increase of 523% from the previous session’s volume of 98,895 shares.The stock last traded at $54.50 and had previously closed at $54.42.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.6%

The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 26.26 and a beta of 0.99. The stock has a 50 day moving average of $53.91 and a 200 day moving average of $50.27.

Hedge Funds Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

Hedge funds have recently bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the second quarter worth about $27,000. Farther Finance Advisors LLC grew its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 85.0% in the second quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock worth $32,000 after purchasing an additional 288 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the second quarter valued at approximately $55,000. Proffitt & Goodson Inc. boosted its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 48.9% in the first quarter. Proffitt & Goodson Inc. now owns 1,766 shares of the company’s stock valued at $81,000 after acquiring an additional 580 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 14.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,879 shares of the company’s stock valued at $132,000 after acquiring an additional 372 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.