SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Strong Trading Volume – What’s Next?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw unusually-strong trading volume on Wednesday . 700,517 shares were traded during trading, an increase of 169% from the previous session’s volume of 260,466 shares.The stock last traded at $48.32 and had previously closed at $48.34.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Up 0.1 %

The firm has a 50-day moving average of $48.81 and a 200 day moving average of $46.86. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 28.63 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Bell Investment Advisors Inc grew its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 1.2% during the third quarter. Bell Investment Advisors Inc now owns 20,345 shares of the company’s stock worth $961,000 after buying an additional 240 shares in the last quarter. Horst & Graben Wealth Management LLC increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 4.4% in the 3rd quarter. Horst & Graben Wealth Management LLC now owns 7,621 shares of the company’s stock worth $360,000 after purchasing an additional 318 shares during the last quarter. Stifel Financial Corp raised its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.9% in the 3rd quarter. Stifel Financial Corp now owns 54,702 shares of the company’s stock valued at $2,585,000 after purchasing an additional 499 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth about $30,000. Finally, FMR LLC grew its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 5.9% in the third quarter. FMR LLC now owns 12,870 shares of the company’s stock worth $608,000 after purchasing an additional 714 shares in the last quarter.

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.