SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Reaches New 12-Month High – Here’s Why

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) hit a new 52-week high on Thursday . The company traded as high as $50.35 and last traded at $50.33, with a volume of 45818 shares changing hands. The stock had previously closed at $50.20.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

The firm has a market capitalization of $2.04 billion, a P/E ratio of 28.63 and a beta of 1.02. The stock has a fifty day moving average price of $49.16 and a two-hundred day moving average price of $47.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Hager Investment Management Services LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter worth $36,000. Steward Partners Investment Advisory LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter worth $85,000. Kennebec Savings Bank bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 3rd quarter worth $89,000. Keystone Financial Group bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter worth $94,000. Finally, Flagship Wealth Advisors LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter worth $100,000.

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.