SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sets New 1-Year High – Here’s Why

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUSGet Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $57.74 and last traded at $57.65, with a volume of 127937 shares. The stock had previously closed at $57.23.

SP Funds S&P 500 Sharia Industry Exclusions ETF Trading Up 0.9%

The firm has a fifty day moving average of $52.25 and a two-hundred day moving average of $51.49. The company has a market cap of $2.60 billion, a PE ratio of 30.44 and a beta of 1.08.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp bought a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 4th quarter worth about $102,000. Jaffetilchin Investment Partners LLC boosted its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock worth $816,000 after purchasing an additional 2,765 shares during the period. Farther Finance Advisors LLC boosted its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% in the 4th quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock worth $5,883,000 after purchasing an additional 14,261 shares during the period. Finally, Marshall Wace LLP bought a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter worth about $1,674,000.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

(Get Free Report)

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.

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