Spinnaker Trust Grows Position in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)

Spinnaker Trust increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) by 13.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 302,364 shares of the company’s stock after acquiring an additional 35,626 shares during the period. SPDR S&P Fossil Fuel Reserves Free ETF makes up about 0.9% of Spinnaker Trust’s portfolio, making the stock its 25th largest holding. Spinnaker Trust’s holdings in SPDR S&P Fossil Fuel Reserves Free ETF were worth $14,287,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth about $29,000. Larson Financial Group LLC acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter worth approximately $30,000. Rothschild Investment LLC purchased a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 2nd quarter valued at about $86,000. Hobbs Group Advisors LLC acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth $149,000. Finally, Key Financial Inc acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter worth about $215,000.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Up 2.0 %

Shares of SPDR S&P Fossil Fuel Reserves Free ETF stock traded up $0.93 during mid-day trading on Wednesday, hitting $48.23. 667,464 shares of the stock were exchanged, compared to its average volume of 109,819. SPDR S&P Fossil Fuel Reserves Free ETF has a twelve month low of $35.09 and a twelve month high of $48.38. The company has a 50-day simple moving average of $46.73 and a 200 day simple moving average of $44.95. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 28.63 and a beta of 1.02.

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.