SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Unusually-High Trading Volume – Time to Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) shares saw an uptick in trading volume on Monday . 316,732 shares traded hands during mid-day trading, an increase of 187% from the previous session’s volume of 110,247 shares.The stock last traded at $49.17 and had previously closed at $49.07.

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 stock has a 50-day simple moving average of $47.03 and a 200-day simple moving average of $45.22.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SPYX. Horst & Graben Wealth Management LLC boosted its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 4.4% during the third quarter. Horst & Graben Wealth Management LLC now owns 7,621 shares of the company’s stock worth $360,000 after buying an additional 318 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 1.8% in the 2nd quarter. Bell Investment Advisors Inc now owns 20,105 shares of the company’s stock worth $897,000 after acquiring an additional 350 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 123,505 shares of the company’s stock worth $5,508,000 after purchasing an additional 420 shares during the period. Axxcess Wealth Management LLC raised its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 2.8% during the first quarter. Axxcess Wealth Management LLC now owns 15,245 shares of the company’s stock worth $652,000 after purchasing an additional 422 shares during the period. Finally, Boyd Wealth Management LLC lifted its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 1.1% during the second quarter. Boyd Wealth Management LLC now owns 42,196 shares of the company’s stock valued at $1,882,000 after purchasing an additional 475 shares during the last quarter.

SPDR S&P Fossil Fuel Reserves Free ETF Company Profile

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.