SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Shares Up 0.2% – Time to Buy?

Shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) traded up 0.2% during mid-day trading on Monday . The company traded as high as $21.39 and last traded at $21.24. 84,306 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 77,511 shares. The stock had previously closed at $21.20.

SP Funds S&P Global REIT Sharia ETF Stock Performance

The business’s 50 day simple moving average is $21.11 and its 200-day simple moving average is $20.42. The company has a market cap of $217.29 million, a price-to-earnings ratio of 36.50 and a beta of 1.02.

Institutional Trading of SP Funds S&P Global REIT Sharia ETF

An institutional investor recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC bought a new stake in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 0.70% of SP Funds S&P Global REIT Sharia ETF at the end of the most recent reporting period.

SP Funds S&P Global REIT Sharia ETF Company Profile

The SP Funds S&P Global REIT Sharia ETF (SPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market-cap-weighted index of Shariah-compliant global REITs. SPRE was launched on Dec 30, 2020 and is managed by SP Funds.