SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw unusually-high trading volume on Thursday . 417,573 shares changed hands during trading, an increase of 215% from the previous session’s volume of 132,391 shares.The stock last traded at $60.50 and had previously closed at $59.94.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The firm has a market cap of $2.71 billion, a P/E ratio of 26.26 and a beta of 1.01. The company has a fifty day moving average of $61.06 and a 200-day moving average of $58.11.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SPYX. Human Investing LLC purchased a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $580,000. Windmill Hill Asset Management Ltd lifted its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 6.9% during the 4th quarter. Windmill Hill Asset Management Ltd now owns 6,341,875 shares of the company’s stock worth $356,350,000 after purchasing an additional 409,450 shares in the last quarter. Johnson Financial Group LLC grew its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 349.1% during the 4th quarter. Johnson Financial Group LLC now owns 18,311 shares of the company’s stock valued at $1,029,000 after purchasing an additional 14,234 shares in the last quarter. Allianz SE increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 5.7% in the fourth quarter. Allianz SE now owns 298,008 shares of the company’s stock worth $16,745,000 after purchasing an additional 16,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 522,214 shares of the company’s stock worth $29,343,000 after purchasing an additional 14,274 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.