SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Sees Large Volume Increase – Still a Buy?

SPDR S&P 500 ESG ETF (NYSEARCA:EFIVGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 296,610 shares traded hands during trading, an increase of 126% from the previous session’s volume of 131,339 shares.The stock last traded at $58.22 and had previously closed at $58.11.

SPDR S&P 500 ESG ETF Stock Up 0.2 %

The stock’s 50 day moving average price is $57.38 and its 200-day moving average price is $56.22. The stock has a market capitalization of $1.36 billion, a PE ratio of 25.21 and a beta of 1.02.

Hedge Funds Weigh In On SPDR S&P 500 ESG ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in shares of SPDR S&P 500 ESG ETF by 16.6% in the 3rd quarter. Principal Financial Group Inc. now owns 179,393 shares of the company’s stock worth $10,003,000 after acquiring an additional 25,524 shares during the last quarter. Private Advisor Group LLC increased its stake in SPDR S&P 500 ESG ETF by 351.9% in the 3rd quarter. Private Advisor Group LLC now owns 235,365 shares of the company’s stock worth $13,124,000 after buying an additional 183,283 shares during the period. FMR LLC purchased a new position in SPDR S&P 500 ESG ETF in the 3rd quarter worth about $62,000. HighTower Advisors LLC increased its stake in SPDR S&P 500 ESG ETF by 15.3% in the 3rd quarter. HighTower Advisors LLC now owns 46,339 shares of the company’s stock worth $2,585,000 after buying an additional 6,148 shares during the period. Finally, Larson Financial Group LLC purchased a new position in SPDR S&P 500 ESG ETF in the 3rd quarter worth about $75,000.

About SPDR S&P 500 ESG ETF

(Get Free Report)

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.

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