SPDR S&P Fossil Fuel Reserves Free ETF Hits New Yearly High

The SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) achieved a new 52-week pinnacle during Wednesday's trading session. Share prices soared to a noteworthy $39.09 before slightly descending to close at $39.08. A total of 68,820 shares changed hands, ending the day just above the previous close of $38.79.

SPYX Market Performance Insights

Holding a market capitalization of $1.50 billion and a price-to-earnings ratio of 17.25, SPYX displays stability with a beta of 0.99. The ETF's average prices over recent periods indicate a consistent upward trajectory, with the 50-day moving average standing at $37.64 and the 200-day average at $36.44.

Influential Institutional Movements

Several institutional investors have actively adjusted their portfolios concerning SPYX. Asset Dedication LLC's position swelled by 664.7% in the third quarter, now owning 780 shares valued at approximately $28,000. NBC Securities Inc. initiated a new stake valued at $33,000 in the same period. Blair William & Co. IL tripled its stake in the ETF during the first quarter, while Steward Partners Investment Advisory LLC followed suit with a similar increase. Advisory Services Network LLC also substantially increased its stake by 200.5% in the same quarter.

Understanding SPYX

Launched on November 30, 2015, and managed by State Street, the SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is designed to track an index derivative of the S&P 500, specifically excluding companies with known fossil fuel reserves, reflecting a growing interest in sustainable investment options.

SPYX, ETF, Market