SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Hits New 52-Week High – What’s Next?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $57.25 and last traded at $57.21, with a volume of 24370 shares. The stock had previously closed at $57.15.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

The firm has a fifty day moving average price of $56.04 and a 200 day moving average price of $54.31. The stock has a market cap of $2.55 billion, a PE ratio of 26.26 and a beta of 1.00.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPYX. Harbor Asset Planning Inc. acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the second quarter valued at approximately $27,000. Farther Finance Advisors LLC increased its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 85.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $32,000 after purchasing an additional 288 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the third quarter valued at approximately $55,000. Palisade Asset Management LLC acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the third quarter valued at about $55,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth approximately $55,000.

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.