SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Hits New 52-Week High – Here’s What Happened

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $66.47 and last traded at $66.4690, with a volume of 9440 shares trading hands. The stock had previously closed at $66.25.

SPDR S&P 500 ESG ETF Trading Up 0.5%

The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 24.61 and a beta of 1.01. The company’s 50 day moving average is $65.09 and its 200-day moving average is $62.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Olde Wealth Management LLC bought a new stake in SPDR S&P 500 ESG ETF in the 3rd quarter valued at $31,039,000. Goldman Sachs Group Inc. boosted its position in SPDR S&P 500 ESG ETF by 537.9% during the first quarter. Goldman Sachs Group Inc. now owns 56,242 shares of the company’s stock worth $3,009,000 after purchasing an additional 47,425 shares during the period. SOA Wealth Advisors LLC. increased its holdings in shares of SPDR S&P 500 ESG ETF by 24.2% in the second quarter. SOA Wealth Advisors LLC. now owns 193,131 shares of the company’s stock valued at $11,308,000 after purchasing an additional 37,692 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SPDR S&P 500 ESG ETF by 175.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 55,930 shares of the company’s stock valued at $3,275,000 after purchasing an additional 35,657 shares during the last quarter. Finally, Tompkins Financial Corp raised its position in shares of SPDR S&P 500 ESG ETF by 13.9% in the second quarter. Tompkins Financial Corp now owns 263,770 shares of the company’s stock valued at $15,444,000 after purchasing an additional 32,236 shares during the period.

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.