SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Reaches New 12-Month High – Here’s Why

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $50.35 and last traded at $50.33, with a volume of 45818 shares. The stock had previously closed at $50.20.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Up 0.3 %

The firm has a 50-day moving average of $49.16 and a 200 day moving average of $47.75. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 28.63 and a beta of 1.02.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 4th quarter valued at approximately $4,281,000. NorthRock Partners LLC acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 4th quarter valued at approximately $344,000. Forefront Analytics LLC acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 4th quarter valued at approximately $5,982,000. Cetera Investment Advisers raised its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 3.2% in the 4th quarter. Cetera Investment Advisers now owns 16,440 shares of the company’s stock valued at $792,000 after purchasing an additional 503 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 16.9% in the 4th quarter. Bank of America Corp DE now owns 670,207 shares of the company’s stock valued at $32,270,000 after purchasing an additional 96,674 shares in 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.