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

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) saw unusually-strong trading volume on Wednesday . Approximately 251,152 shares changed hands during mid-day trading, an increase of 155% from the previous session’s volume of 98,666 shares.The stock last traded at $58.36 and had previously closed at $58.13.

SPDR S&P 500 ESG ETF Stock Performance

The firm has a 50 day moving average of $57.27 and a 200-day moving average of $55.00. The stock has a market capitalization of $1.32 billion, a PE ratio of 25.21 and a beta of 1.02.

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

Hedge funds have recently bought and sold shares of the business. Mattson Financial Services LLC purchased a new stake in SPDR S&P 500 ESG ETF in the 2nd quarter worth about $42,000. FMR LLC purchased a new stake in shares of SPDR S&P 500 ESG ETF during the 3rd quarter worth about $62,000. Paladin Wealth LLC purchased a new stake in shares of SPDR S&P 500 ESG ETF during the 3rd quarter worth about $63,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of SPDR S&P 500 ESG ETF by 371.3% during the 2nd 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. Finally, Larson Financial Group LLC purchased a new stake in shares of SPDR S&P 500 ESG ETF during the 3rd quarter worth about $75,000.

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.