SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sets New 1-Year High – Time to Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $50.15 and last traded at $50.16, with a volume of 771 shares changing hands. The stock had previously closed at $50.09.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

The stock has a market cap of $2.04 billion, a P/E ratio of 28.63 and a beta of 1.02. The stock’s fifty day simple moving average is $49.13 and its 200-day simple moving average is $47.65.

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

A number of institutional investors have recently bought and sold shares of SPYX. Hager Investment Management Services LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter worth approximately $36,000. Steward Partners Investment Advisory LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter worth approximately $85,000. Kennebec Savings Bank bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 3rd quarter worth approximately $89,000. Keystone Financial Group bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter worth approximately $94,000. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter worth approximately $100,000.

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.