FinArc Investments Inc. Invests $615,000 in SPDR S&P 500 ESG ETF $EFIV

FinArc Investments Inc. acquired a new stake in SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,745 shares of the company’s stock, valued at approximately $615,000. FinArc Investments Inc. owned about 0.06% of SPDR S&P 500 ESG ETF at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Olde Wealth Management LLC grew its position in shares of SPDR S&P 500 ESG ETF by 2.8% during the 4th quarter. Olde Wealth Management LLC now owns 487,666 shares of the company’s stock worth $32,259,000 after buying an additional 13,487 shares during the period. Koss Olinger Consulting LLC boosted its stake in SPDR S&P 500 ESG ETF by 0.9% during the 1st quarter. Koss Olinger Consulting LLC now owns 412,410 shares of the company’s stock worth $26,015,000 after acquiring an additional 3,563 shares during the last quarter. LPL Financial LLC grew its holdings in SPDR S&P 500 ESG ETF by 1.3% during the fourth quarter. LPL Financial LLC now owns 328,045 shares of the company’s stock valued at $21,700,000 after purchasing an additional 4,307 shares during the period. SOA Wealth Advisors LLC. increased its stake in SPDR S&P 500 ESG ETF by 1.4% in the fourth quarter. SOA Wealth Advisors LLC. now owns 201,104 shares of the company’s stock valued at $13,303,000 after purchasing an additional 2,865 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in SPDR S&P 500 ESG ETF by 20.8% in the first quarter. Principal Financial Group Inc. now owns 186,007 shares of the company’s stock valued at $11,733,000 after purchasing an additional 32,030 shares in the last quarter.

SPDR S&P 500 ESG ETF Stock Performance

EFIV opened at $71.91 on Friday. The firm’s fifty day moving average is $72.18 and its two-hundred day moving average is $68.85. The firm has a market cap of $988.76 million, a PE ratio of 24.61 and a beta of 1.00. SPDR S&P 500 ESG ETF has a twelve month low of $58.99 and a twelve month high of $73.74.

SPDR S&P 500 ESG ETF Profile

The SPDR S&P 500 ESG ETF (EFIV) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund tracks a market-cap weighted index of S&P 500 stocks that are screened for sustainability criteria related to ESG factors. EFIV was launched on Jul 27, 2020 and is managed by State Street.