SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Hits New 52-Week High – What’s Next?

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $58.47 and last traded at $58.45, with a volume of 20182 shares traded. The stock had previously closed at $58.01.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The firm has a 50 day simple moving average of $55.29 and a 200-day simple moving average of $55.79. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spinnaker Trust increased its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 1.0% during the first quarter. Spinnaker Trust now owns 432,061 shares of the company’s stock worth $22,912,000 after acquiring an additional 4,211 shares during the last quarter. Princeton Global Asset Management LLC increased its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 68.4% during the first quarter. Princeton Global Asset Management LLC now owns 1,982 shares of the company’s stock worth $105,000 after acquiring an additional 805 shares during the last quarter. Seneca Financial Advisors LLC acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the first quarter valued at $234,000. Rockefeller Capital Management L.P. grew its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 161,929 shares of the company’s stock valued at $9,099,000 after buying an additional 4,432 shares in the last quarter. Finally, Sankala Group LLC acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the fourth quarter valued at $395,000.

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.