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

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) saw strong trading volume on Wednesday . 1,249,212 shares changed hands during mid-day trading, an increase of 1,154% from the previous session’s volume of 99,619 shares.The stock last traded at $58.68 and had previously closed at $58.36.

SPDR S&P 500 ESG ETF Trading Down 0.4 %

The company’s fifty day simple moving average is $57.10 and its 200 day simple moving average is $54.81. The stock has a market capitalization of $1.36 billion, a P/E ratio of 25.21 and a beta of 1.02.

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

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