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

Shares of SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) saw an uptick in trading volume on Monday . 68,447 shares changed hands during trading, a decline of 19% from the previous session’s volume of 84,659 shares.The stock last traded at $55.37 and had previously closed at $55.27.

SPDR S&P 500 ESG ETF Trading Up 2.9 %

The firm’s 50-day moving average price is $55.25 and its 200 day moving average price is $53.39. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 25.21 and a beta of 1.02.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EFIV. Aptus Capital Advisors LLC increased its stake in SPDR S&P 500 ESG ETF by 251.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,077 shares of the company’s stock valued at $227,000 after buying an additional 2,917 shares during the last quarter. 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 during the last quarter. White Lighthouse Investment Management Inc. bought a new position in SPDR S&P 500 ESG ETF during the third quarter valued at $291,000. Private Advisor Group LLC raised its stake 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 valued at $13,124,000 after acquiring an additional 183,283 shares during the period. Finally, Koss Olinger Consulting LLC lifted its holdings in SPDR S&P 500 ESG ETF by 0.8% during the third quarter. Koss Olinger Consulting LLC now owns 354,875 shares of the company’s stock valued at $19,788,000 after purchasing an additional 2,880 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.