SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sets New 52-Week High – Here’s What Happened

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $50.35 and last traded at $50.33, with a volume of 45818 shares. The stock had previously closed at $50.20.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The company has a market capitalization of $2.00 billion, a P/E ratio of 28.63 and a beta of 1.02. The stock’s 50 day moving average is $49.17 and its 200-day moving average is $47.78.

Hedge Funds Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

Institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp raised its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 0.9% in the third quarter. Stifel Financial Corp now owns 54,702 shares of the company’s stock worth $2,585,000 after buying an additional 499 shares in the last quarter. FMR LLC increased its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 5.9% during the third quarter. FMR LLC now owns 12,870 shares of the company’s stock valued at $608,000 after purchasing an additional 714 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 473,078 shares of the company’s stock valued at $22,353,000 after purchasing an additional 3,054 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 24.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,919 shares of the company’s stock valued at $799,000 after purchasing an additional 3,314 shares in the last quarter. Finally, Kennebec Savings Bank bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter valued at approximately $89,000.

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.