Gemmer Asset Management LLC Raises Stock Position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX)

Gemmer Asset Management LLC raised its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 402,352 shares of the company’s stock after buying an additional 17,081 shares during the period. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF makes up approximately 1.7% of Gemmer Asset Management LLC’s holdings, making the stock its 16th largest holding. Gemmer Asset Management LLC owned about 5.23% of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF worth $17,285,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the fourth quarter valued at about $2,097,000. Avantax Advisory Services Inc. purchased a new position in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF during the 4th quarter worth approximately $225,000. Bank of America Corp DE increased its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 441.6% during the 4th quarter. Bank of America Corp DE now owns 157,752 shares of the company’s stock worth $6,280,000 after purchasing an additional 128,626 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 79.2% during the 4th quarter. JPMorgan Chase & Co. now owns 17,134 shares of the company’s stock worth $682,000 after purchasing an additional 7,572 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 0.5% during the 4th quarter. LPL Financial LLC now owns 159,842 shares of the company’s stock worth $6,363,000 after purchasing an additional 871 shares in the last quarter.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Price Performance

Shares of EFAX opened at $46.66 on Friday. The firm has a 50 day simple moving average of $44.40 and a 200-day simple moving average of $42.77. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a 1-year low of $38.08 and a 1-year high of $47.41. The stock has a market cap of $368.61 million, a price-to-earnings ratio of 17.13 and a beta of 0.85.

About SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

The SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) is an exchange-traded fund that is based on the MSCI EAFE ex Fossil Fuels index. The fund tracks a subset of the MSCI EAFE Index that excludes companies that own fossil fuel reserves. EFAX was launched on Oct 24, 2016 and is managed by State Street.