SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sees Strong Trading Volume – Here’s What Happened

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) saw strong trading volume on Thursday . 642,031 shares were traded during mid-day trading, an increase of 7% from the previous session’s volume of 598,770 shares.The stock last traded at $57.30 and had previously closed at $56.63.

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

The company has a 50 day moving average of $55.66 and a 200-day moving average of $52.42. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 30.44 and a beta of 1.09.

Institutional Trading of SP Funds S&P 500 Sharia Industry Exclusions ETF

Several hedge funds have recently made changes to their positions in SPUS. Marshall Wace LLP purchased a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter worth approximately $1,674,000. Farther Finance Advisors LLC boosted its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% in the 4th quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock valued at $5,883,000 after buying an additional 14,261 shares during the period. Evansbrook LLC acquired a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the first quarter worth $243,000. Jaffetilchin Investment Partners LLC grew its stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% in the fourth 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 fourth quarter worth $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.