SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Large Volume Increase

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw unusually-strong trading volume on Tuesday . Approximately 651,517 shares traded hands during mid-day trading, an increase of 511% from the previous session’s volume of 106,562 shares.The stock last traded at $46.68 and had previously closed at $47.25.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Down 1.0 %

The firm has a market cap of $1.90 billion, a PE ratio of 28.63 and a beta of 1.02. The stock’s fifty day simple moving average is $45.34 and its two-hundred day simple moving average is $43.99.

Institutional Investors Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SPYX. EP Wealth Advisors LLC grew its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 164.8% during the second quarter. EP Wealth Advisors LLC now owns 16,145 shares of the company’s stock valued at $720,000 after buying an additional 10,048 shares during the last quarter. Citizens Financial Group Inc. RI bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter valued at approximately $1,400,000. Hanson & Doremus Investment Management lifted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 26.6% during the second quarter. Hanson & Doremus Investment Management now owns 29,673 shares of the company’s stock valued at $1,323,000 after purchasing an additional 6,233 shares during the period. Bell Investment Advisors Inc lifted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 1.8% during the second quarter. Bell Investment Advisors Inc now owns 20,105 shares of the company’s stock valued at $897,000 after purchasing an additional 350 shares during the period. Finally, AGF Management Ltd. lifted its position in SPDR S&P Fossil Fuel Reserves Free ETF by 10.7% during the second quarter. AGF Management Ltd. now owns 45,550 shares of the company’s stock valued at $2,032,000 after purchasing an additional 4,400 shares during the period.

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.