SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Hits New 52-Week High – Should You Buy?

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $58.49 and last traded at $58.49, with a volume of 8814 shares changing hands. The stock had previously closed at $58.41.

SPDR S&P 500 ESG ETF Price Performance

The business has a 50-day simple moving average of $56.58 and a 200 day simple moving average of $54.45. The firm has a market cap of $1.36 billion, a PE ratio of 25.21 and a beta of 1.02.

Institutional Investors Weigh In On SPDR S&P 500 ESG ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EFIV. Mattson Financial Services LLC bought a new stake in shares of SPDR S&P 500 ESG ETF in the 2nd quarter worth about $42,000. FMR LLC bought a new stake in SPDR S&P 500 ESG ETF during the third quarter worth approximately $62,000. Paladin Wealth LLC purchased a new stake in SPDR S&P 500 ESG ETF during the third quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of SPDR S&P 500 ESG ETF by 371.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,197 shares of the company’s stock valued at $64,000 after purchasing an additional 943 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new position in shares of SPDR S&P 500 ESG ETF in the 3rd quarter worth approximately $75,000.

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.