Xtrackers S&P 500 ESG ETF (NYSEARCA:SNPE) Sees Strong Trading Volume – Should You Buy?

Xtrackers S&P 500 ESG ETF (NYSEARCA:SNPE) shares saw unusually-high trading volume on Friday . Approximately 1,924,613 shares changed hands during mid-day trading, an increase of 868% from the previous session’s volume of 198,747 shares.The stock last traded at $50.35 and had previously closed at $51.06.

Xtrackers S&P 500 ESG ETF Stock Down 2.0 %

The company has a market cap of $1.55 billion, a price-to-earnings ratio of 25.80 and a beta of 1.01. The stock’s 50-day simple moving average is $53.00 and its 200 day simple moving average is $53.32.

Hedge Funds Weigh In On Xtrackers S&P 500 ESG ETF

Hedge funds have recently made changes to their positions in the stock. One Capital Management LLC lifted its stake in Xtrackers S&P 500 ESG ETF by 0.5% during the 4th quarter. One Capital Management LLC now owns 111,416 shares of the company’s stock worth $5,935,000 after acquiring an additional 546 shares in the last quarter. Abound Financial LLC acquired a new stake in shares of Xtrackers S&P 500 ESG ETF during the fourth quarter worth about $239,000. Captrust Financial Advisors purchased a new position in shares of Xtrackers S&P 500 ESG ETF in the fourth quarter valued at approximately $336,000. White Pine Investment CO acquired a new position in shares of Xtrackers S&P 500 ESG ETF in the fourth quarter valued at approximately $634,000. Finally, JPMorgan Chase & Co. increased its stake in Xtrackers S&P 500 ESG ETF by 12.2% during the 4th quarter. JPMorgan Chase & Co. now owns 5,735,601 shares of the company’s stock worth $305,536,000 after buying an additional 623,089 shares during the period.

About Xtrackers S&P 500 ESG ETF

The Xtrackers S&P 500 ESG ETF (SNPE) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund tracks a principles-selected, market cap-weighted index of US large-cap securities. SNPE was launched on Jun 26, 2019 and is managed by Xtrackers.