Tortoise Investment Management LLC Cuts Stake in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)

Tortoise Investment Management LLC cut its stake in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,795 shares of the company’s stock after selling 800 shares during the quarter. Tortoise Investment Management LLC’s holdings in SPDR S&P Fossil Fuel Reserves Free ETF were worth $231,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $1,408,000. Gemmer Asset Management LLC increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 5.6% during the fourth quarter. Gemmer Asset Management LLC now owns 388,075 shares of the company’s stock worth $18,686,000 after acquiring an additional 20,646 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 64.9% during the third quarter. OneDigital Investment Advisors LLC now owns 36,466 shares of the company’s stock worth $1,723,000 after acquiring an additional 14,352 shares during the last quarter. Accurate Wealth Management LLC purchased a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $509,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $425,000.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

Shares of NYSEARCA SPYX opened at $45.97 on Tuesday. SPDR S&P Fossil Fuel Reserves Free ETF has a 1 year low of $40.31 and a 1 year high of $50.35. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 27.54 and a beta of 1.00. The stock’s 50-day simple moving average is $48.92 and its 200-day simple moving average is $48.14.

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.