SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sets New 1-Year High – Here’s Why

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) shares reached a new 52-week high during mid-day trading on Friday. The company traded as high as $60.49 and last traded at $60.4750, with a volume of 47705 shares trading hands. The stock had previously closed at $59.72.

SP Funds S&P 500 Sharia Industry Exclusions ETF Trading Up 1.2%

The firm has a 50-day simple moving average of $58.52 and a two-hundred day simple moving average of $55.97. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 30.44 and a beta of 1.09.

SP Funds S&P 500 Sharia Industry Exclusions ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were paid a $0.0260 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.31 annualized dividend and a dividend yield of 0.5%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPUS. Operose Advisors LLC bought a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter valued at $33,000. Atomic Invest LLC boosted its holdings in SP Funds S&P 500 Sharia Industry Exclusions ETF by 9.5% in the second quarter. Atomic Invest LLC now owns 16,630 shares of the company’s stock worth $943,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Evansbrook LLC bought a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the first quarter worth $243,000.

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.