SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Hits New 12-Month High – Should You Buy?

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) hit a new 52-week high on Wednesday . The company traded as high as $57.06 and last traded at $56.87, with a volume of 24379 shares changing hands. The stock had previously closed at $55.76.

SPDR S&P 500 ESG ETF Stock Up 0.5 %

The stock has a market capitalization of $1.35 billion, a P/E ratio of 25.21 and a beta of 1.02. The company has a 50 day moving average of $55.37 and a 200-day moving average of $53.45.

Institutional Investors Weigh In On SPDR S&P 500 ESG ETF

Several large investors have recently added to or reduced their stakes in EFIV. Mattson Financial Services LLC acquired a new position in shares of SPDR S&P 500 ESG ETF during the second quarter worth approximately $42,000. Paladin Wealth LLC bought a new position in shares of SPDR S&P 500 ESG ETF in the third quarter worth $63,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of SPDR S&P 500 ESG ETF by 371.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,197 shares of the company’s stock valued at $64,000 after purchasing an additional 943 shares during the period. Brown Financial Advisors acquired a new stake in SPDR S&P 500 ESG ETF in the second quarter worth about $155,000. Finally, Front Row Advisors LLC bought a new position in SPDR S&P 500 ESG ETF in the 2nd quarter valued at about $182,000.

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.