SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Sees Strong Trading Volume – Still a Buy?

by · The Markets Daily

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV – Get Free Report) shares saw strong trading volume on Tuesday . 385,906 shares were traded during trading, an increase of 73% from the previous session’s volume of 222,544 shares.The stock last traded at $57.53 and had previously closed at $57.40.

SPDR S&P 500 ESG ETF Price Performance

The firm has a market cap of $1.35 billion, a PE ratio of 25.21 and a beta of 1.02. The company’s 50 day moving average price is $57.50 and its 200 day moving average price is $55.67.

Institutional Trading of SPDR S&P 500 ESG ETF

Several hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new position in SPDR S&P 500 ESG ETF in the fourth quarter worth approximately $207,000. Sheets Smith Wealth Management lifted its position in shares of SPDR S&P 500 ESG ETF by 11.0% during the 4th quarter. Sheets Smith Wealth Management now owns 46,484 shares of the company’s stock worth $2,625,000 after purchasing an additional 4,593 shares during the last quarter. Horizon Wealth Management LLC acquired a new position in shares of SPDR S&P 500 ESG ETF during the fourth quarter worth $207,000. HBW Advisory Services LLC purchased a new position in SPDR S&P 500 ESG ETF in the fourth quarter valued at $296,000. Finally, Principal Financial Group Inc. raised its stake in SPDR S&P 500 ESG ETF by 16.6% in the third quarter. Principal Financial Group Inc. now owns 179,393 shares of the company’s stock valued at $10,003,000 after buying an additional 25,524 shares in the last quarter.

SPDR S&P 500 ESG ETF Company Profile

(Get Free Report)

The SPDR S&P 500 ESG ETF (EFIV) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund tracks a market-cap weighted index of S&P 500 stocks that are screened for sustainability criteria related to ESG factors. EFIV was launched on Jul 27, 2020 and is managed by State Street.

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