Sovran Advisors LLC Makes New Investment in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)

Sovran Advisors LLC bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,690 shares of the company’s stock, valued at approximately $368,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPYX. Bell Investment Advisors Inc grew its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 1.2% during the 3rd quarter. Bell Investment Advisors Inc now owns 20,345 shares of the company’s stock valued at $961,000 after buying an additional 240 shares during the last quarter. Horst & Graben Wealth Management LLC lifted its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 4.4% in the third quarter. Horst & Graben Wealth Management LLC now owns 7,621 shares of the company’s stock valued at $360,000 after acquiring an additional 318 shares in the last quarter. Focus Financial Network Inc. lifted its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 2.3% in the fourth quarter. Focus Financial Network Inc. now owns 16,885 shares of the company’s stock valued at $813,000 after acquiring an additional 379 shares in the last quarter. Clear Harbor Asset Management LLC boosted its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 1.6% during the fourth quarter. Clear Harbor Asset Management LLC now owns 27,645 shares of the company’s stock valued at $1,331,000 after acquiring an additional 422 shares during the last quarter. Finally, Stifel Financial Corp increased its position in SPDR S&P Fossil Fuel Reserves Free ETF by 0.9% during the 3rd quarter. Stifel Financial Corp now owns 54,702 shares of the company’s stock worth $2,585,000 after purchasing an additional 499 shares in the last quarter.

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

NYSEARCA:SPYX opened at $49.57 on Thursday. SPDR S&P Fossil Fuel Reserves Free ETF has a 12-month low of $40.21 and a 12-month high of $50.15. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 28.63 and a beta of 1.02. The company’s 50-day moving average is $49.13 and its two-hundred day moving average is $47.56.

SPDR S&P Fossil Fuel Reserves Free ETF Profile

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.