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

Xtrackers S&P 500 ESG ETF (NYSEARCA:SNPE) saw unusually-high trading volume on Tuesday . Approximately 146,816 shares traded hands during mid-day trading, a decline of 31% from the previous session’s volume of 211,821 shares.The stock last traded at $47.00 and had previously closed at $45.33.

Xtrackers S&P 500 ESG ETF Trading Down 3.3 %

The business’s 50 day moving average price is $51.54 and its two-hundred day moving average price is $53.01. The stock has a market cap of $1.46 billion, a P/E ratio of 25.80 and a beta of 1.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SNPE. AdvisorNet Financial Inc raised its holdings in Xtrackers S&P 500 ESG ETF by 67.0% in the first quarter. AdvisorNet Financial Inc now owns 2,376 shares of the company’s stock worth $120,000 after purchasing an additional 953 shares in the last quarter. Abound Financial LLC purchased a new position in Xtrackers S&P 500 ESG ETF during the 4th quarter valued at about $239,000. Captrust Financial Advisors bought a new stake in Xtrackers S&P 500 ESG ETF during the fourth quarter worth about $336,000. White Pine Investment CO purchased a new stake in Xtrackers S&P 500 ESG ETF in the fourth quarter worth about $634,000. Finally, One Capital Management LLC increased its stake in shares of Xtrackers S&P 500 ESG ETF by 0.5% during the fourth quarter. One Capital Management LLC now owns 111,416 shares of the company’s stock valued at $5,935,000 after purchasing an additional 546 shares in the last quarter.

About Xtrackers S&P 500 ESG ETF

The Xtrackers S&P 500 ESG ETF (SNPE) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund tracks a principles-selected, market cap-weighted index of US large-cap securities. SNPE was launched on Jun 26, 2019 and is managed by Xtrackers.