SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sets New 12-Month High – What’s Next?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) shares reached a new 52-week high on Thursday . The company traded as high as $59.60 and last traded at $59.59, with a volume of 54988 shares traded. The stock had previously closed at $59.11.

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

The stock’s 50-day moving average price is $57.07 and its 200-day moving average price is $53.98. The company has a market cap of $3.03 billion, a P/E ratio of 30.44 and a beta of 1.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the fourth quarter valued at approximately $102,000. Evansbrook LLC bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 1st quarter valued at $243,000. Marshall Wace LLP acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter worth $1,674,000. Finally, Farther Finance Advisors LLC increased its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% in the fourth quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock worth $5,883,000 after purchasing an additional 14,261 shares during the period.

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.