SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Strong Trading Volume – What’s Next?

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw unusually-strong trading volume on Wednesday . Approximately 700,517 shares traded hands during mid-day trading, an increase of 169% from the previous session’s volume of 260,466 shares.The stock last traded at $48.32 and had previously closed at $48.34.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Down 1.5 %

The stock’s 50-day moving average is $48.86 and its 200-day moving average is $46.88. The stock has a market cap of $1.94 billion, a P/E ratio of 28.63 and a beta of 1.02.

Institutional Trading of SPDR S&P Fossil Fuel Reserves Free ETF

Several institutional investors have recently made changes to their positions in SPYX. Lake Street Advisors Group LLC increased its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 13.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 873,097 shares of the company’s stock valued at $41,254,000 after buying an additional 105,916 shares during the period. Spinnaker Trust increased its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 13.4% during the 3rd quarter. Spinnaker Trust now owns 302,364 shares of the company’s stock worth $14,287,000 after purchasing an additional 35,626 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter worth approximately $1,400,000. Gemmer Asset Management LLC boosted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 6.2% during the 3rd quarter. Gemmer Asset Management LLC now owns 367,429 shares of the company’s stock worth $17,361,000 after acquiring an additional 21,380 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 64.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 36,466 shares of the company’s stock valued at $1,723,000 after buying an additional 14,352 shares during the last quarter.

SPDR S&P Fossil Fuel Reserves Free ETF Company 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.