Truist Financial Corp Trims Stake in SPDR S&P Fossil Fuel Reserves Free ETF $SPYX

Truist Financial Corp lowered its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) by 28.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,625 shares of the company’s stock after selling 7,440 shares during the quarter. Truist Financial Corp’s holdings in SPDR S&P Fossil Fuel Reserves Free ETF were worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of SPYX. Wealth Enhancement Advisory Services LLC increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 4.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,317 shares of the company’s stock valued at $838,000 after buying an additional 809 shares during the period. Cornerstone Wealth Advisors Inc. increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 20.9% during the first quarter. Cornerstone Wealth Advisors Inc. now owns 8,084 shares of the company’s stock valued at $370,000 after buying an additional 1,395 shares during the period. Marino Stram & Associates LLC increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 9.0% during the first quarter. Marino Stram & Associates LLC now owns 36,098 shares of the company’s stock valued at $1,651,000 after buying an additional 2,968 shares during the period. Essex Financial Services Inc. increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 5.5% during the first quarter. Essex Financial Services Inc. now owns 24,546 shares of the company’s stock valued at $1,123,000 after buying an additional 1,271 shares during the period. Finally, Spinnaker Trust increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 1.2% during the first quarter. Spinnaker Trust now owns 301,245 shares of the company’s stock valued at $13,782,000 after buying an additional 3,609 shares during the period.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

Shares of NYSEARCA SPYX opened at $54.64 on Tuesday. SPDR S&P Fossil Fuel Reserves Free ETF has a 1 year low of $39.59 and a 1 year high of $55.53. The stock has a market cap of $2.38 billion, a P/E ratio of 26.26 and a beta of 0.99. The firm has a 50-day moving average of $53.70 and a 200 day moving average of $50.06.

SPDR S&P Fossil Fuel Reserves Free ETF Profile

The SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is an exchange-traded fund that is based on the S&P 500 Fossil Fuel Free index. The fund follows an S&P 500- based index excluding companies with known fossil fuel reserves. SPYX was launched on Nov 30, 2015 and is managed by State Street.