SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Reaches New 12-Month High – Still a Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) shares hit a new 52-week high on Wednesday . The company traded as high as $47.35 and last traded at $47.35, with a volume of 23998 shares trading hands. The stock had previously closed at $47.01.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.6 %

The stock has a market capitalization of $1.93 billion, a PE ratio of 28.63 and a beta of 1.02. The business’s 50-day moving average is $45.69 and its two-hundred day moving average is $44.22.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lake Street Advisors Group LLC raised its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 63.1% in the second quarter. Lake Street Advisors Group LLC now owns 767,181 shares of the company’s stock valued at $34,216,000 after buying an additional 296,833 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 3.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 461,117 shares of the company’s stock valued at $17,896,000 after buying an additional 16,694 shares during the last quarter. Gemmer Asset Management LLC raised its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 8.6% in the second quarter. Gemmer Asset Management LLC now owns 346,049 shares of the company’s stock valued at $15,434,000 after buying an additional 27,527 shares during the last quarter. Institute for Wealth Management LLC. raised its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 4.7% in the second quarter. Institute for Wealth Management LLC. now owns 123,606 shares of the company’s stock valued at $5,513,000 after buying an additional 5,585 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 123,505 shares of the company’s stock valued at $5,508,000 after buying an additional 420 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.