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

Shares of SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) saw an uptick in trading volume on Wednesday . 251,152 shares were traded during mid-day trading, an increase of 155% from the previous session’s volume of 98,666 shares.The stock last traded at $58.36 and had previously closed at $58.13.

SPDR S&P 500 ESG ETF Stock Performance

The business has a 50 day simple moving average of $57.29 and a 200-day simple moving average of $55.02. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 25.21 and a beta of 1.02.

Institutional Trading of SPDR S&P 500 ESG ETF

Several institutional investors and hedge funds have recently made changes to their positions in EFIV. Principal Financial Group Inc. boosted its position 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 worth $10,003,000 after purchasing an additional 25,524 shares during the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of SPDR S&P 500 ESG ETF by 10.1% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 99,590 shares of the company’s stock worth $5,553,000 after purchasing an additional 9,101 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of SPDR S&P 500 ESG ETF by 4.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 89,809 shares of the company’s stock worth $5,008,000 after buying an additional 4,201 shares during the last quarter. HighTower Advisors LLC grew its position in SPDR S&P 500 ESG ETF by 15.3% during the third quarter. HighTower Advisors LLC now owns 46,339 shares of the company’s stock valued at $2,585,000 after buying an additional 6,148 shares during the period. Finally, CreativeOne Wealth LLC increased its holdings in SPDR S&P 500 ESG ETF by 2.5% during the third quarter. CreativeOne Wealth LLC now owns 8,245 shares of the company’s stock worth $460,000 after buying an additional 204 shares during the last quarter.

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.