SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sets New 12-Month High – Still a Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $55.82 and last traded at $55.82, with a volume of 7696 shares. The stock had previously closed at $55.34.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.8%

The firm has a market capitalization of $2.46 billion, a PE ratio of 26.26 and a beta of 0.99. The company’s 50-day simple moving average is $54.16 and its 200 day simple moving average is $50.74.

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

Several institutional investors and hedge funds have recently bought and sold shares of SPYX. Wealth Enhancement Advisory Services LLC increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 4.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,317 shares of the company’s stock worth $838,000 after purchasing an additional 809 shares in the last quarter. Essex Financial Services Inc. increased its position in SPDR S&P Fossil Fuel Reserves Free ETF by 5.5% during the 1st quarter. Essex Financial Services Inc. now owns 24,546 shares of the company’s stock valued at $1,123,000 after buying an additional 1,271 shares in the last quarter. Spinnaker Trust raised its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 1.2% in the first quarter. Spinnaker Trust now owns 301,245 shares of the company’s stock valued at $13,782,000 after buying an additional 3,609 shares during the last quarter. Sensible Financial Planning & Management LLC. boosted its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 1.3% in the first quarter. Sensible Financial Planning & Management LLC. now owns 386,855 shares of the company’s stock worth $17,699,000 after acquiring an additional 5,148 shares in the last quarter. Finally, Values Added Financial LLC boosted its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 23.0% in the first quarter. Values Added Financial LLC now owns 13,377 shares of the company’s stock worth $612,000 after acquiring an additional 2,499 shares in the last quarter.

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.