SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Large Volume Increase – Time to Buy?

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw unusually-strong trading volume on Monday . Approximately 1,558,694 shares traded hands during mid-day trading, an increase of 892% from the previous session’s volume of 157,117 shares.The stock last traded at $60.48 and had previously closed at $60.38.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.1%

The company has a fifty day moving average price of $55.74 and a 200-day moving average price of $56.03. The stock has a market capitalization of $2.63 billion, a P/E ratio of 26.26 and a beta of 1.00.

Institutional Investors Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

Several large investors have recently made changes to their positions in the company. Clear Harbor Asset Management LLC increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 27,825 shares of the company’s stock worth $1,563,000 after purchasing an additional 180 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 1.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,585 shares of the company’s stock worth $763,000 after purchasing an additional 214 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 2.7% in the fourth quarter. Stifel Financial Corp now owns 12,945 shares of the company’s stock worth $727,000 after purchasing an additional 335 shares during the last quarter. North Berkeley Wealth Management LLC increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 4.8% in the third quarter. North Berkeley Wealth Management LLC now owns 7,436 shares of the company’s stock worth $408,000 after purchasing an additional 338 shares during the last quarter. Finally, Rockingstone Advisors LLC increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 10.4% in the fourth quarter. Rockingstone Advisors LLC now owns 4,725 shares of the company’s stock worth $265,000 after purchasing an additional 445 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.