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

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) saw an uptick in trading volume on Thursday . 1,382,062 shares changed hands during 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 Trading Up 0.2 %

The firm has a market cap of $1.32 billion, a P/E ratio of 25.21 and a beta of 1.02. The business’s fifty day simple moving average is $57.43 and its 200-day simple moving average is $55.35.

Institutional Trading of SPDR S&P 500 ESG ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Chicago Capital LLC boosted its position in SPDR S&P 500 ESG ETF by 97.2% during the 2nd quarter. Chicago Capital LLC now owns 8,067 shares of the company’s stock valued at $428,000 after acquiring an additional 3,977 shares in the last quarter. Koss Olinger Consulting LLC purchased a new stake in SPDR S&P 500 ESG ETF in the second quarter worth $18,691,000. Blue Edge Capital LLC raised its holdings in SPDR S&P 500 ESG ETF by 5.7% in the second quarter. Blue Edge Capital LLC now owns 96,561 shares of the company’s stock worth $5,127,000 after purchasing an additional 5,218 shares in the last quarter. Perennial Investment Advisors LLC purchased a new position in SPDR S&P 500 ESG ETF during the second quarter valued at $276,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings 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 valued at $64,000 after buying 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.