SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Trading Up 0.1% – Time to Buy?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) shares were up 0.1% during mid-day trading on Monday . The stock traded as high as $20.00 and last traded at $19.99. Approximately 60,650 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 74,307 shares. The stock had previously closed at $19.98.

SP Funds S&P Global REIT Sharia ETF Stock Performance

The company has a market cap of $200.90 million, a price-to-earnings ratio of 36.50 and a beta of 1.07. The business has a fifty day moving average price of $20.30 and a 200 day moving average price of $19.82.

SP Funds S&P Global REIT Sharia ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, February 23rd. Stockholders of record on Friday, February 20th were issued 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 dividend 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 purchased a new position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent filing with the SEC.

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.