SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Price Down 0.8% – Here’s Why

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE)’s share price traded down 0.8% on Friday . The company traded as low as $19.93 and last traded at $19.93. 24,233 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 75,370 shares. The stock had previously closed at $20.09.

SP Funds S&P Global REIT Sharia ETF Trading Down 0.8%

The firm’s fifty day moving average price is $20.37 and its 200-day moving average price is $19.78. The company has a market cap of $191.33 million, a P/E ratio of 36.50 and a beta of 1.07.

SP Funds S&P Global REIT Sharia ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 23rd. Investors of record on Friday, February 20th were given a dividend of $0.067 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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

A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC bought a new position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned 0.70% of SP Funds S&P Global REIT Sharia ETF 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.