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

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) saw strong trading volume on Tuesday . 306,515 shares traded hands during mid-day trading, an increase of 272% from the previous session’s volume of 82,313 shares.The stock last traded at $56.50 and had previously closed at $56.51.

SPDR S&P 500 ESG ETF Trading Down 2.1 %

The company has a market cap of $1.28 billion, a P/E ratio of 25.21 and a beta of 1.02. The stock’s 50 day moving average is $55.20 and its 200-day moving average is $53.17.

Hedge Funds Weigh In On SPDR S&P 500 ESG ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zhang Financial LLC lifted its stake in SPDR S&P 500 ESG ETF by 4.4% during the 2nd quarter. Zhang Financial LLC now owns 4,744 shares of the company’s stock valued at $252,000 after acquiring an additional 200 shares during the period. Gradient Investments LLC boosted its holdings in SPDR S&P 500 ESG ETF by 1.0% in the second quarter. Gradient Investments LLC now owns 70,538 shares of the company’s stock worth $3,746,000 after purchasing an additional 664 shares during the last quarter. Private Advisor Group LLC grew its position in SPDR S&P 500 ESG ETF by 351.9% in the 3rd quarter. Private Advisor Group LLC now owns 235,365 shares of the company’s stock worth $13,124,000 after purchasing an additional 183,283 shares during the period. Mattson Financial Services LLC purchased a new stake in SPDR S&P 500 ESG ETF during the 2nd quarter valued at $42,000. Finally, Cetera Advisors LLC purchased a new stake in SPDR S&P 500 ESG ETF during the 1st quarter valued at $622,000.

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.