SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Breaks Below 50-Day Moving Average – Here’s What Happened

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $19.19 and traded as low as $19.07. SP Funds S&P Global REIT Sharia ETF shares last traded at $19.17, with a volume of 104,397 shares changing hands.

SP Funds S&P Global REIT Sharia ETF Trading Down 0.4%

The stock has a fifty day simple moving average of $19.19 and a two-hundred day simple moving average of $20.48. The company has a market cap of $203.20 million, a PE ratio of 36.50 and a beta of 0.99.

SP Funds S&P Global REIT Sharia ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Tuesday, October 27th were issued a $0.0670 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, October 27th.

Institutional Trading of SP Funds S&P Global REIT Sharia ETF

An institutional investor recently raised its stake in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC increased its holdings in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Free Report) by 18.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,916 shares of the company’s stock after acquiring an additional 2,892 shares during the period. Farther Finance Advisors LLC owned approximately 0.18% of SP Funds S&P Global REIT Sharia ETF worth $358,000 as of its most recent SEC filing.

About SP Funds S&P Global REIT Sharia ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for SP Funds S&P Global REIT Sharia 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 REIT Sharia ETF and related companies with MarketBeat.com's FREE daily email newsletter.