SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sets New 1-Year High – Should You Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) shares reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $64.02 and last traded at $64.0010, with a volume of 11982 shares traded. The stock had previously closed at $63.46.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00. The company has a 50-day simple moving average of $62.72 and a two-hundred day simple moving average of $60.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPYX. Envestnet Asset Management Inc. increased its position in SPDR S&P Fossil Fuel Reserves Free ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 33,463 shares of the company’s stock worth $2,045,000 after buying an additional 522 shares during the last quarter. Security National Bank of Sioux City Iowa IA acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the second quarter valued at approximately $110,000. Tidal Investments LLC bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter worth approximately $644,000. NewEdge Advisors LLC boosted its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 34.0% during the 2nd quarter. NewEdge Advisors LLC now owns 11,525 shares of the company’s stock worth $704,000 after acquiring an additional 2,927 shares during the period. Finally, Operose Advisors LLC increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 5.0% during the 2nd quarter. Operose Advisors LLC now owns 29,797 shares of the company’s stock worth $1,821,000 after acquiring an additional 1,418 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.