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

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) reached a new 52-week high on Friday . The company traded as high as $50.15 and last traded at $50.16, with a volume of 771 shares trading hands. The stock had previously closed at $50.09.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The business’s 50-day moving average price is $49.13 and its two-hundred day moving average price is $47.59. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 28.63 and a beta of 1.02.

Institutional Investors Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SPYX. Lake Street Advisors Group LLC increased its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 13.8% in the third quarter. Lake Street Advisors Group LLC now owns 873,097 shares of the company’s stock valued at $41,254,000 after acquiring an additional 105,916 shares during the last quarter. LPL Financial LLC increased its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 0.3% in the fourth quarter. LPL Financial LLC now owns 484,741 shares of the company’s stock valued at $23,340,000 after acquiring an additional 1,457 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 1.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 481,273 shares of the company’s stock valued at $23,173,000 after acquiring an additional 8,195 shares during the last quarter. Gemmer Asset Management LLC increased its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 5.6% in the fourth quarter. Gemmer Asset Management LLC now owns 388,075 shares of the company’s stock valued at $18,686,000 after acquiring an additional 20,646 shares during the last quarter. Finally, Sensible Financial Planning & Management LLC. increased its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 0.4% in the third quarter. Sensible Financial Planning & Management LLC. now owns 386,001 shares of the company’s stock valued at $18,239,000 after acquiring an additional 1,461 shares during 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.