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

Shares of SPDR S&P 500 ESG ETF (NYSEARCA:EFIVGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 961,723 shares changed hands during mid-day trading, an increase of 957% from the previous session’s volume of 90,979 shares.The stock last traded at $58.71 and had previously closed at $58.46.

SPDR S&P 500 ESG ETF Trading Up 0.7 %

The company has a market cap of $1.37 billion, a P/E ratio of 25.21 and a beta of 1.02. The business has a 50 day moving average price of $56.64 and a 200-day moving average price of $54.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EFIV. Cetera Advisors LLC acquired a new stake in shares of SPDR S&P 500 ESG ETF during the 1st quarter worth $622,000. CWM LLC grew its stake in SPDR S&P 500 ESG ETF by 11.2% during the second quarter. CWM LLC now owns 5,296 shares of the company’s stock worth $281,000 after purchasing an additional 534 shares during the period. Brave Asset Management Inc. grew its stake in SPDR S&P 500 ESG ETF by 8.9% during the second quarter. Brave Asset Management Inc. now owns 5,299 shares of the company’s stock worth $281,000 after purchasing an additional 434 shares during the period. J.Safra Asset Management Corp acquired a new stake in SPDR S&P 500 ESG ETF during the second quarter worth approximately $319,000. Finally, SOA Wealth Advisors LLC. grew its stake in SPDR S&P 500 ESG ETF by 801.3% during the second quarter. SOA Wealth Advisors LLC. now owns 90,489 shares of the company’s stock worth $4,805,000 after purchasing an additional 80,449 shares during the period.

SPDR S&P 500 ESG ETF Company Profile

(Get Free Report)

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.

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