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

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) saw unusually-strong trading volume on Tuesday . Approximately 385,906 shares were traded during trading, an increase of 73% from the previous session’s volume of 222,544 shares.The stock last traded at $57.53 and had previously closed at $57.40.

SPDR S&P 500 ESG ETF Trading Up 0.5 %

The stock has a market cap of $1.36 billion, a P/E ratio of 25.21 and a beta of 1.02. The company’s 50 day moving average price is $57.53 and its two-hundred day moving average price is $55.73.

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

A number of institutional investors have recently bought and sold shares of EFIV. Verus Wealth Management LLC purchased a new stake in SPDR S&P 500 ESG ETF in the 4th quarter worth approximately $503,000. Denver Wealth Management Inc. increased its stake in shares of SPDR S&P 500 ESG ETF by 12.5% in the fourth quarter. Denver Wealth Management Inc. now owns 11,391 shares of the company’s stock worth $643,000 after purchasing an additional 1,265 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of SPDR S&P 500 ESG ETF during the 4th quarter valued at $207,000. Sheets Smith Wealth Management lifted its stake in shares of SPDR S&P 500 ESG ETF by 11.0% during the 4th quarter. Sheets Smith Wealth Management now owns 46,484 shares of the company’s stock valued at $2,625,000 after buying an additional 4,593 shares in the last quarter. Finally, Horizon Wealth Management LLC bought a new position in SPDR S&P 500 ESG ETF in the 4th quarter worth $207,000.

SPDR S&P 500 ESG ETF Company Profile

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.