SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sets New 52-Week High – Time to Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $57.00 and last traded at $57.00, with a volume of 19485 shares traded. The stock had previously closed at $56.65.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00. The stock’s fifty day moving average price is $55.98 and its 200-day moving average price is $54.05.

Institutional Trading of SPDR S&P Fossil Fuel Reserves Free ETF

A number of hedge funds have recently modified their holdings of the business. Harbor Asset Planning Inc. purchased a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter valued at $27,000. Farther Finance Advisors LLC boosted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 85.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock worth $32,000 after acquiring an additional 288 shares during the period. Hantz Financial Services Inc. purchased a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter valued at about $55,000. 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 about $55,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the third quarter worth approximately $55,000.

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.