SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Shares Up 2.1% – What’s Next?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE)’s share price was up 2.1% during mid-day trading on Monday . The stock traded as high as $18.26 and last traded at $18.23. Approximately 54,466 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 59,775 shares. The stock had previously closed at $17.86.

SP Funds S&P Global REIT Sharia ETF Price Performance

The company has a market cap of $138.55 million, a price-to-earnings ratio of 27.78 and a beta of 1.12. The stock has a 50-day moving average price of $19.68 and a 200 day moving average price of $20.33.

Institutional Investors Weigh In On SP Funds S&P Global REIT Sharia ETF

An institutional investor recently raised its position in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC boosted its position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 54.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,723 shares of the company’s stock after purchasing an additional 3,413 shares during the period. Farther Finance Advisors LLC owned about 0.13% of SP Funds S&P Global REIT Sharia ETF worth $191,000 at the end of the most recent reporting period.

About SP Funds S&P Global REIT Sharia ETF

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.