SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Price Down 0.3% – Time to Sell?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) shares dropped 0.3% on Tuesday . The company traded as low as $19.65 and last traded at $19.72. Approximately 116,023 shares traded hands during trading, an increase of 110% from the average daily volume of 55,268 shares. The stock had previously closed at $19.77.

SP Funds S&P Global REIT Sharia ETF Stock Down 0.3%

The company has a market cap of $172.94 million, a PE ratio of 36.50 and a beta of 1.07. The firm’s 50-day moving average is $19.49 and its 200-day moving average is $19.41.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC lifted its position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,412 shares of the company’s stock after purchasing an additional 689 shares during the quarter. Farther Finance Advisors LLC owned about 0.13% of SP Funds S&P Global REIT Sharia ETF worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

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.