Shariaportfolio Inc. decreased its holdings in SP Funds S&P Global Technology ETF (NYSEARCA:SPTE – Free Report) by 9.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 590,219 shares of the company’s stock after selling 60,030 shares during the quarter. SP Funds S&P Global Technology ETF accounts for approximately 9.1% of Shariaportfolio Inc.’s holdings, making the stock its 5th biggest holding. Shariaportfolio Inc. owned 17.36% of SP Funds S&P Global Technology ETF worth $20,463,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SPTE. Merkkuri Wealth Advisors LLC acquired a new stake in shares of SP Funds S&P Global Technology ETF during the 1st quarter valued at about $25,000. Sunbelt Securities Inc. acquired a new position in SP Funds S&P Global Technology ETF in the third quarter worth about $28,000. CWM LLC raised its position in SP Funds S&P Global Technology ETF by 47.9% in the fourth quarter. CWM LLC now owns 4,266 shares of the company’s stock worth $150,000 after purchasing an additional 1,381 shares in the last quarter. Bank of America Corp DE acquired a new position in SP Funds S&P Global Technology ETF in the second quarter worth about $50,000. Finally, TD Waterhouse Canada Inc. lifted its stake in SP Funds S&P Global Technology ETF by 4.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 50,463 shares of the company’s stock worth $1,774,000 after purchasing an additional 2,199 shares during the period.
SP Funds S&P Global Technology ETF Stock Performance
NYSEARCA SPTE opened at $45.05 on Monday. The stock’s 50 day moving average is $46.99 and its two-hundred day moving average is $41.33. The company has a market capitalization of $212.64 million, a price-to-earnings ratio of 34.36 and a beta of 1.56. SP Funds S&P Global Technology ETF has a 1-year low of $30.80 and a 1-year high of $50.75.
SP Funds S&P Global Technology ETF Profile
The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.
Featured Stories
- Five stocks we like better than SP Funds S&P Global Technology ETF
- 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story
- AbbVie Quietly Solved Its Biggest Problem—Now What?
- Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade
- Strategy’s Structural Strength: Hidden in a $8 Billion Illusion
Receive News & Ratings for SP Funds S&P Global Technology ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SP Funds S&P Global Technology ETF and related companies with MarketBeat.com's FREE daily email newsletter.
