SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Trading 3.3% Higher – What’s Next?

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) shares rose 3.3% on Thursday . The stock traded as high as $35.03 and last traded at $35.03. Approximately 35,931 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 62,915 shares. The stock had previously closed at $33.92.

SP Funds S&P World (ex-US) ETF Stock Up 3.3%

The stock has a fifty day moving average of $32.51 and a two-hundred day moving average of $30.04. The stock has a market cap of $174.10 million, a price-to-earnings ratio of 21.74 and a beta of 0.91.

Hedge Funds Weigh In On SP Funds S&P World (ex-US) ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in shares of SP Funds S&P World (ex-US) ETF during the 4th quarter worth about $52,000. CWM LLC lifted its position in SP Funds S&P World (ex-US) ETF by 31.4% during the fourth quarter. CWM LLC now owns 6,737 shares of the company’s stock valued at $184,000 after buying an additional 1,608 shares in the last quarter. Strengthening Families & Communities LLC grew its stake in SP Funds S&P World (ex-US) ETF by 243.6% during the fourth quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock worth $190,000 after buying an additional 4,931 shares during the period. Mariner LLC purchased a new stake in SP Funds S&P World (ex-US) ETF during the fourth quarter worth approximately $269,000. Finally, Citadel Advisors LLC acquired a new stake in shares of SP Funds S&P World (ex-US) ETF in the third quarter worth $278,000.

SP Funds S&P World (ex-US) ETF Company Profile

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.