SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Reaches New 1-Year High – What’s Next?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.99 and last traded at $53.96, with a volume of 483270 shares traded. The stock had previously closed at $53.80.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Up 0.3%

The firm has a fifty day simple moving average of $50.42 and a 200-day simple moving average of $50.79. The company has a market capitalization of $2.38 billion, a P/E ratio of 30.44 and a beta of 1.08.

SP Funds S&P 500 Sharia Industry Exclusions ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 23rd. Shareholders of record on Friday, February 20th were issued a $0.026 dividend. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, February 20th.

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

Several large investors have recently modified their holdings of SPUS. Murphy & Mullick Capital Management Corp bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the fourth quarter worth about $102,000. Jaffetilchin Investment Partners LLC boosted its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock worth $816,000 after buying an additional 2,765 shares during the period. Marshall Wace LLP acquired a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth about $1,674,000. Finally, Farther Finance Advisors LLC boosted its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% during the fourth quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock worth $5,883,000 after buying an additional 14,261 shares during the period.

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.