SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Hits New 12-Month High – Should You Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) shares reached a new 52-week high on Thursday . The stock traded as high as $58.62 and last traded at $58.61, with a volume of 400586 shares. The stock had previously closed at $58.20.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Up 1.0%

The company has a market cap of $2.59 billion, a P/E ratio of 26.26 and a beta of 1.00. The company’s 50-day moving average price is $55.48 and its two-hundred day moving average price is $55.89.

Institutional Investors Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

A number of institutional investors have recently made changes to their positions in the company. Clear Harbor Asset Management LLC increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 27,825 shares of the company’s stock valued at $1,563,000 after acquiring an additional 180 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 1.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,585 shares of the company’s stock valued at $763,000 after acquiring an additional 214 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 2.7% in the 4th quarter. Stifel Financial Corp now owns 12,945 shares of the company’s stock valued at $727,000 after acquiring an additional 335 shares during the last quarter. North Berkeley Wealth Management LLC grew its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 4.8% during the 3rd quarter. North Berkeley Wealth Management LLC now owns 7,436 shares of the company’s stock valued at $408,000 after buying an additional 338 shares during the last quarter. Finally, Rockingstone Advisors LLC grew its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 10.4% during the 4th quarter. Rockingstone Advisors LLC now owns 4,725 shares of the company’s stock valued at $265,000 after buying an additional 445 shares during the last quarter.

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.