Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS – Get Free Report) fell 1.2% on Tuesday . The stock traded as low as $57.21 and last traded at $57.26. 665,595 shares were traded during mid-day trading, an increase of 11% from the average session volume of 600,044 shares. The stock had previously closed at $57.98.
SP Funds S&P 500 Sharia Industry Exclusions ETF Trading Down 1.2%
The firm has a market capitalization of $2.58 billion, a P/E ratio of 30.44 and a beta of 1.09. The company has a 50 day simple moving average of $55.18 and a two-hundred day simple moving average of $52.30.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter worth approximately $1,674,000. Farther Finance Advisors LLC raised its holdings in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% during the 4th quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock worth $5,883,000 after acquiring an additional 14,261 shares in the last quarter. Evansbrook LLC purchased a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 1st quarter worth approximately $243,000. Jaffetilchin Investment Partners LLC raised its holdings in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock worth $816,000 after acquiring an additional 2,765 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 4th quarter worth approximately $102,000.
About SP Funds S&P 500 Sharia Industry Exclusions ETF
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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