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

Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) reached a new 52-week high during trading on Thursday . The company traded as high as $52.44 and last traded at $52.43, with a volume of 309242 shares. The stock had previously closed at $52.26.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Up 0.1%

The stock has a market cap of $2.27 billion, a PE ratio of 30.44 and a beta of 1.08. The business’s fifty day moving average is $50.09 and its 200 day moving average is $50.60.

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

The business also recently disclosed a monthly dividend, which was paid on Monday, February 23rd. Investors of record on Friday, February 20th were issued a dividend of $0.026 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 0.6%.

Institutional Trading of SP Funds S&P 500 Sharia Industry Exclusions ETF

Institutional investors have recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp purchased a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the fourth quarter worth about $102,000. Jaffetilchin Investment Partners LLC boosted its holdings in 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 in the last quarter. Marshall Wace LLP purchased a new stake in 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 holdings in SP Funds S&P 500 Sharia Industry Exclusions ETF by 4.0% during the third quarter. Farther Finance Advisors LLC now owns 100,928 shares of the company’s stock worth $4,987,000 after buying an additional 3,916 shares in the last quarter.

SP Funds S&P 500 Sharia Industry Exclusions ETF Company Profile

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.