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

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $49.33 and last traded at $49.30, with a volume of 168321 shares changing hands. The stock had previously closed at $48.99.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

The company has a market cap of $1.99 billion, a price-to-earnings ratio of 28.63 and a beta of 1.02. The company has a fifty day moving average of $47.72 and a two-hundred day moving average of $45.73.

Hedge Funds Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the second quarter worth approximately $29,000. Larson Financial Group LLC acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 2nd quarter worth approximately $30,000. Rothschild Investment LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 2nd quarter valued at $86,000. Kennebec Savings Bank acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter worth $89,000. Finally, Hobbs Group Advisors LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth $149,000.

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.