SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) is Choate Investment Advisors’ 5th Largest Position

Choate Investment Advisors lowered its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,604,298 shares of the company’s stock after selling 63,701 shares during the period. SPDR S&P Fossil Fuel Reserves Free ETF comprises approximately 3.0% of Choate Investment Advisors’ holdings, making the stock its 5th biggest holding. Choate Investment Advisors owned approximately 0.06% of SPDR S&P Fossil Fuel Reserves Free ETF worth $125,397,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hager Investment Management Services LLC acquired a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $36,000. Steward Partners Investment Advisory LLC purchased a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the fourth quarter valued at approximately $85,000. Urban Financial Advisory Corp acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter valued at approximately $164,000. Independent Advisor Alliance acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter valued at $219,000. Finally, Apollon Wealth Management LLC boosted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 12.5% during the 4th quarter. Apollon Wealth Management LLC now owns 5,080 shares of the company’s stock worth $245,000 after purchasing an additional 565 shares during the period.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

NYSEARCA:SPYX opened at $46.15 on Friday. SPDR S&P Fossil Fuel Reserves Free ETF has a 12 month low of $40.31 and a 12 month high of $50.35. The business’s 50-day moving average is $48.72 and its two-hundred day moving average is $48.10. The firm has a market capitalization of $2.02 billion, a PE ratio of 25.12 and a beta of 1.00.

SPDR S&P Fossil Fuel Reserves Free ETF Profile

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.