SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Stock Price Down 2.2% – Here’s What Happened

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) shares traded down 2.2% on Tuesday . The company traded as low as $50.28 and last traded at $50.39. 1,019,852 shares changed hands during trading, an increase of 120% from the average session volume of 464,585 shares. The stock had previously closed at $51.53.

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

The stock’s 50-day moving average is $51.08 and its two-hundred day moving average is $49.09. The stock has a market cap of $1.92 billion, a PE ratio of 30.44 and a beta of 1.04.

Institutional Investors Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP purchased a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter valued at about $1,674,000. Jaffetilchin Investment Partners LLC lifted its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 69.8% during the second quarter. Jaffetilchin Investment Partners LLC now owns 12,682 shares of the company’s stock worth $563,000 after purchasing an additional 5,212 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter valued at approximately $207,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 4.0% in the third quarter. Farther Finance Advisors LLC now owns 100,928 shares of the company’s stock valued at $4,987,000 after purchasing an additional 3,916 shares in the last quarter.

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.