SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sees Strong Trading Volume – Still a Buy?

Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) saw strong trading volume on Tuesday . 996,122 shares were traded during trading, an increase of 78% from the previous session’s volume of 560,266 shares.The stock last traded at $57.93 and had previously closed at $57.17.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Performance

The firm has a market capitalization of $2.98 billion, a P/E ratio of 30.44 and a beta of 1.09. The company has a 50 day simple moving average of $57.07 and a two-hundred day simple moving average of $53.71.

Hedge Funds Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF

Several hedge funds have recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp purchased a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the fourth quarter valued at $102,000. Evansbrook LLC purchased a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 1st quarter worth $243,000. Marshall Wace LLP purchased a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter worth $1,674,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% during the 4th quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock valued at $5,883,000 after purchasing an additional 14,261 shares during 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.