Xtrackers S&P 500 ESG ETF (NYSEARCA:SNPE) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Xtrackers S&P 500 ESG ETF (NYSEARCA:SNPE) saw strong trading volume on Tuesday . 221,605 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 173,404 shares.The stock last traded at $54.28 and had previously closed at $54.14.

Xtrackers S&P 500 ESG ETF Stock Performance

The company’s 50 day simple moving average is $54.25 and its 200 day simple moving average is $52.55. The stock has a market cap of $1.28 billion, a PE ratio of 25.98 and a beta of 1.04.

Institutional Investors Weigh In On Xtrackers S&P 500 ESG ETF

Hedge funds have recently made changes to their positions in the business. White Pine Investment CO bought a new stake in Xtrackers S&P 500 ESG ETF in the fourth quarter worth about $634,000. JPMorgan Chase & Co. raised its holdings in shares of Xtrackers S&P 500 ESG ETF by 146.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,112,512 shares of the company’s stock worth $268,816,000 after purchasing an additional 3,040,445 shares during the period. Finally, Tidemark LLC purchased a new position in Xtrackers S&P 500 ESG ETF in the third quarter valued at approximately $152,000.

About Xtrackers S&P 500 ESG ETF

The Xtrackers S&P 500 ESG ETF (SNPE) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund tracks a principles-selected, market cap-weighted index of US large-cap securities. SNPE was launched on Jun 26, 2019 and is managed by Xtrackers.