SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Hits New 1-Year High – Still a Buy?

Posted by Doug Madison on Nov 6th, 2024

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $48.29 and last traded at $48.29, with a volume of 10634 shares changing hands. The stock had previously closed at $47.30.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Up 2.5 %

The business’s 50 day simple moving average is $46.73 and its two-hundred day simple moving average is $44.95. The firm has a market capitalization of $1.97 billion, a P/E ratio of 28.63 and a beta of 1.02.

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

A number of hedge funds have recently made changes to their positions in SPYX. International Assets Investment Management LLC bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth $29,000. Larson Financial Group LLC bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter valued at about $30,000. Kennebec Savings Bank purchased a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter valued at about $89,000. Rothschild Investment LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the second quarter worth about $86,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the second quarter worth about $149,000.

About SPDR S&P Fossil Fuel Reserves Free ETF

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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.