SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Trading Down 2.2% – Time to Sell?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUSGet Free Report)’s share price fell 2.2% during mid-day trading on Tuesday . The company traded as low as $50.28 and last traded at $50.39. 1,019,852 shares were traded during trading, an increase of 120% from the average session volume of 464,585 shares. The stock had previously closed at $51.53.

SP Funds S&P 500 Sharia Industry Exclusions ETF Price Performance

The company’s 50 day simple moving average is $51.08 and its 200 day simple moving average is $49.09. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 30.44 and a beta of 1.04.

Institutional Investors Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF

Several large investors have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter valued at about $1,674,000. Jaffetilchin Investment Partners LLC increased its stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 69.8% during the second quarter. Jaffetilchin Investment Partners LLC now owns 12,682 shares of the company’s stock worth $563,000 after buying an additional 5,212 shares during the period. Janney Montgomery Scott LLC acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter valued at approximately $207,000. Finally, Farther Finance Advisors LLC raised its holdings in SP Funds S&P 500 Sharia Industry Exclusions ETF by 4.0% in the third quarter. Farther Finance Advisors LLC now owns 100,928 shares of the company’s stock valued at $4,987,000 after acquiring an additional 3,916 shares in the last quarter.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

(Get Free Report)

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.

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