SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Price Down 0.5% – What’s Next?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPREGet Free Report) shares were down 0.5% during trading on Friday . The company traded as low as $20.40 and last traded at $20.43. Approximately 69,335 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 74,694 shares. The stock had previously closed at $20.53.

SP Funds S&P Global REIT Sharia ETF Price Performance

The company’s 50-day simple moving average is $21.34 and its 200-day simple moving average is $20.98. The stock has a market capitalization of $210.84 million, a price-to-earnings ratio of 36.50 and a beta of 1.00.

SP Funds S&P Global REIT Sharia ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 28th. Stockholders of record on Monday, July 27th were paid a dividend of $0.067 per share. The ex-dividend date was Monday, July 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

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

A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC acquired a new stake in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPREFree Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 0.70% of SP Funds S&P Global REIT Sharia ETF at the end of the most recent reporting period.

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.

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