Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 642,031 shares were traded during mid-day trading, an increase of 7% from the previous session’s volume of 598,770 shares.The stock last traded at $57.30 and had previously closed at $56.63.
SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Up 1.4%
The firm has a fifty day moving average of $55.34 and a 200-day moving average of $52.34. The firm has a market cap of $2.59 billion, a P/E ratio of 30.44 and a beta of 1.09.
Hedge Funds Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF
Several hedge funds have recently added to or reduced their stakes in SPUS. Marshall Wace LLP bought a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter valued at about $1,674,000. 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 during the last quarter. Farther Finance Advisors LLC boosted its holdings in 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 last quarter. Murphy & Mullick Capital Management Corp bought a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the fourth quarter worth about $102,000. Finally, Evansbrook LLC bought a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the first quarter worth about $243,000.
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.
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