Loading…
Loading…
“Green” refers to assets that work toward environmental sustainability. iShares Global Clean Energy ETF is one of the oldest, most popular clean energy ETFs.
SPDR S&P 500 ESG ETF (NYSEARCA:EFIV - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 22,842 shares, an increase of 290.3% from the February 26th total of 5,853 shares. Based on an average daily trading volume,
Gilbert Capital Group Inc. acquired a new position in SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 31,400 shares of the company's stock, valued at approximately $1,838,000. SPDR S&P 500 ESG ETF comprises 1.5%
Baltimore Washington Financial Advisors Inc. boosted its stake in shares of SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,823 shares of the company's stock after buying an additional 1,230
EFIV invests in S&P 500 stocks screened for ESG criteria, with a reasonable expense ratio of 0.10%, slightly higher than Vanguard ESG US Stock ETF. The ETF has outperformed the S&P 500 since its inception in 2020, driven by higher exposure to large-cap tech stocks like Microsoft, Apple, and Nvidia. EFIV's future performance will likely be comparable to the S&P 500, though it may underperform in a lower rate environment favoring smaller-cap tech stocks.
S&P 500 ETFs have done very well over the long term. But faster growth can be had with these two growth ETFs.
ESG investing continues to grow despite challenges in defining ESG-friendly companies. The SPDR S&P 500 ESG ETF tracks S&P 500 ESG Index, filtering out non-ESG-friendly companies. The fund provides broad market exposure with ESG tilt, but accuracy of ESG definition and potential underperformance are concerns.
The EFIV ETF has produced superior returns to the S&P 500 with a lower standard deviation since its inception, and is recommended as a buy for long-term investors. The source of outperformance is a quality screen that the S&P performs for a nominal fee. This screen reviews and ranks corporations on the basis of their ESG practices. Academic studies show that ESG practices lead to superior financial performance for individual companies for metrics such as ROA, ROE, and the performance of their equity.
SEC filings for EFIV aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.