SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Price Down 0.3%

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) dropped 0.3% during mid-day trading on Friday . The stock traded as low as $19.01 and last traded at $19.04. Approximately 21,772 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 41,118 shares. The stock had previously closed at $19.09.

SP Funds S&P Global REIT Sharia ETF Price Performance

The firm’s 50 day moving average price is $19.51 and its 200-day moving average price is $19.53. The stock has a market cap of $79.97 million, a P/E ratio of 20.61 and a beta of 1.06.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Ferguson Wellman Capital Management Inc. bought a new position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 539,100 shares of the company’s stock, valued at approximately $10,620,000. Ferguson Wellman Capital Management Inc. owned about 15.72% of SP Funds S&P Global REIT Sharia ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.