Sheets Smith Investment Management Takes Position in SPDR S&P 500 ESG ETF (NYSEARCA:EFIV)

Sheets Smith Investment Management acquired a new stake in shares of SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 113,774 shares of the company’s stock, valued at approximately $6,426,000. SPDR S&P 500 ESG ETF makes up about 5.4% of Sheets Smith Investment Management’s investment portfolio, making the stock its 3rd largest position. Sheets Smith Investment Management owned 0.49% of SPDR S&P 500 ESG ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EFIV. Principal Financial Group Inc. boosted 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 acquiring an additional 25,524 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in SPDR S&P 500 ESG ETF in the fourth quarter valued at approximately $264,000. FMR LLC acquired a new stake in SPDR S&P 500 ESG ETF in the third quarter valued at approximately $62,000. Larson Financial Group LLC acquired a new stake in SPDR S&P 500 ESG ETF in the third quarter valued at approximately $75,000. Finally, HighTower Advisors LLC boosted its stake in SPDR S&P 500 ESG ETF by 15.3% in the third quarter. HighTower Advisors LLC now owns 46,339 shares of the company’s stock valued at $2,585,000 after acquiring an additional 6,148 shares in the last quarter.

SPDR S&P 500 ESG ETF Trading Up 0.1 %

NYSEARCA:EFIV opened at $53.98 on Monday. SPDR S&P 500 ESG ETF has a 12 month low of $47.76 and a 12 month high of $58.93. The firm has a fifty day simple moving average of $56.44 and a 200-day simple moving average of $56.50. The company has a market capitalization of $1.61 billion, a P/E ratio of 24.82 and a beta of 1.02.

About SPDR S&P 500 ESG ETF

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.