SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Large Volume Increase – Time to Buy?

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw strong trading volume on Monday . 1,558,694 shares traded hands during trading, an increase of 892% from the previous session’s volume of 157,117 shares.The stock last traded at $60.48 and had previously closed at $60.38.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.1%

The stock has a fifty day simple moving average of $55.74 and a 200 day simple moving average of $56.03. The firm has a market capitalization of $2.63 billion, a P/E ratio of 26.26 and a beta of 1.00.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gould Asset Management LLC CA raised its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 1.7% during the first quarter. Gould Asset Management LLC CA now owns 182,436 shares of the company’s stock valued at $9,675,000 after acquiring an additional 3,055 shares during the period. Wealthfront Advisers LLC raised its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 3.7% during the first quarter. Wealthfront Advisers LLC now owns 26,570 shares of the company’s stock valued at $1,409,000 after acquiring an additional 944 shares during the period. Milestone Investment Advisors LLC raised its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 1.1% during the first quarter. Milestone Investment Advisors LLC now owns 61,469 shares of the company’s stock valued at $3,260,000 after acquiring an additional 655 shares during the period. IMC Chicago LLC bought a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the first quarter valued at about $1,751,000. Finally, Fifth Third Bancorp bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the first quarter worth about $314,000.

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.