SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $59.25 and traded as high as $59.46. SP Funds S&P 500 Sharia Industry Exclusions ETF shares last traded at $59.30, with a volume of 409,435 shares.

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

The firm has a market cap of $3.33 billion, a PE ratio of 30.44 and a beta of 1.09. The firm’s 50-day moving average price is $59.25 and its two-hundred day moving average price is $55.16.

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

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 28th. Investors of record on Tuesday, October 27th will be given a $0.0260 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 27th.

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

Several hedge funds and other institutional investors have recently bought and sold shares of SPUS. Atomic Invest LLC lifted its position 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 valued at $943,000 after acquiring an additional 1,436 shares during the last quarter. Evansbrook LLC acquired a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the first quarter valued at $243,000. Finally, Operose Advisors LLC purchased a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth about $33,000.

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.