SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Reaches New 1-Year High – Still a Buy?

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) hit a new 52-week high during trading on Thursday . The company traded as high as $63.92 and last traded at $63.92, with a volume of 3880 shares traded. The stock had previously closed at $63.41.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Up 0.4%

The stock has a market capitalization of $2.85 billion, a P/E ratio of 26.26 and a beta of 1.00. The company has a fifty day simple moving average of $61.31 and a two-hundred day simple moving average of $58.53.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Optima Capital LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the fourth quarter valued at approximately $31,000. Oak Harbor Wealth Partners LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter valued at $56,000. Advisory Services Network LLC acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 3rd quarter valued at $55,000. Palisade Asset Management LLC acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 3rd quarter valued at $55,000. Finally, Private Trust Co. NA boosted its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 162.4% in the 4th quarter. Private Trust Co. NA now owns 1,236 shares of the company’s stock worth $69,000 after purchasing an additional 765 shares during the last quarter.

SPDR S&P Fossil Fuel Reserves Free ETF Company 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.