SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Sees Unusually-High Trading Volume – Should You Buy?

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) shares saw unusually-high trading volume on Thursday . Approximately 1,382,062 shares changed hands during mid-day trading, an increase of 1,288% from the previous session’s volume of 99,560 shares.The stock last traded at $56.78 and had previously closed at $56.48.

SPDR S&P 500 ESG ETF Price Performance

The stock has a market capitalization of $1.33 billion, a P/E ratio of 25.21 and a beta of 1.02. The company’s 50 day simple moving average is $57.44 and its two-hundred day simple moving average is $55.38.

Institutional Investors Weigh In On SPDR S&P 500 ESG ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Capital LLC increased its stake in shares of SPDR S&P 500 ESG ETF by 97.2% in the second quarter. Chicago Capital LLC now owns 8,067 shares of the company’s stock valued at $428,000 after buying an additional 3,977 shares in the last quarter. Koss Olinger Consulting LLC acquired a new stake in SPDR S&P 500 ESG ETF in the 2nd quarter valued at about $18,691,000. Blue Edge Capital LLC increased its position in SPDR S&P 500 ESG ETF by 5.7% in the 2nd quarter. Blue Edge Capital LLC now owns 96,561 shares of the company’s stock valued at $5,127,000 after acquiring an additional 5,218 shares in the last quarter. Perennial Investment Advisors LLC acquired a new position in shares of SPDR S&P 500 ESG ETF during the second quarter worth approximately $276,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of SPDR S&P 500 ESG ETF by 371.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,197 shares of the company’s stock worth $64,000 after purchasing an additional 943 shares in the last quarter.

SPDR S&P 500 ESG ETF Company 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.