SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Trading 0.4% Higher – What’s Next?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE)’s stock price traded up 0.4% during mid-day trading on Thursday . The company traded as high as $19.66 and last traded at $19.55. 35,392 shares were traded during trading, a decline of 40% from the average session volume of 58,502 shares. The stock had previously closed at $19.48.

SP Funds S&P Global REIT Sharia ETF Trading Up 0.4%

The firm has a market cap of $153.08 million, a price-to-earnings ratio of 32.73 and a beta of 1.11. The stock has a 50-day moving average of $19.15 and a 200-day moving average of $19.67.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC raised its holdings in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 54.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,723 shares of the company’s stock after acquiring an additional 3,413 shares during the period. Farther Finance Advisors LLC owned approximately 0.13% of SP Funds S&P Global REIT Sharia ETF worth $191,000 as of its most recent SEC filing.

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.