SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Sees Large Volume Increase – What’s Next?

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) saw strong trading volume on Wednesday . 1,249,212 shares changed hands during mid-day trading, an increase of 1,154% from the previous session’s volume of 99,619 shares.The stock last traded at $58.68 and had previously closed at $58.36.

SPDR S&P 500 ESG ETF Price Performance

The firm’s fifty day moving average is $56.96 and its 200 day moving average is $54.76. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 25.21 and a beta of 1.02.

Institutional Trading of SPDR S&P 500 ESG ETF

A number of institutional investors have recently bought and sold shares of EFIV. CWM LLC raised its stake in shares of SPDR S&P 500 ESG ETF by 11.2% during the 2nd quarter. CWM LLC now owns 5,296 shares of the company’s stock worth $281,000 after purchasing an additional 534 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in SPDR S&P 500 ESG ETF in the second quarter worth approximately $319,000. SOA Wealth Advisors LLC. lifted its stake in SPDR S&P 500 ESG ETF by 801.3% in the second quarter. SOA Wealth Advisors LLC. now owns 90,489 shares of the company’s stock valued at $4,805,000 after acquiring an additional 80,449 shares during the last quarter. Gradient Investments LLC grew its position in SPDR S&P 500 ESG ETF by 1.0% in the second quarter. Gradient Investments LLC now owns 70,538 shares of the company’s stock worth $3,746,000 after acquiring an additional 664 shares in the last quarter. Finally, Zhang Financial LLC grew its position in SPDR S&P 500 ESG ETF by 4.4% in the second quarter. Zhang Financial LLC now owns 4,744 shares of the company’s stock worth $252,000 after acquiring an additional 200 shares in the last quarter.

About SPDR S&P 500 ESG ETF

The SPDR S&P 500 ESG ETF (EFIV) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund tracks a market-cap weighted index of S&P 500 stocks that are screened for sustainability criteria related to ESG factors. EFIV was launched on Jul 27, 2020 and is managed by State Street.