SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Trading 1.4% Higher – Should You Buy?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE)’s stock price rose 1.4% during mid-day trading on Friday . The company traded as high as $21.33 and last traded at $21.27. Approximately 53,472 shares were traded during trading, a decline of 29% from the average daily volume of 75,109 shares. The stock had previously closed at $20.97.

SP Funds S&P Global REIT Sharia ETF Stock Up 1.4%

The firm has a market capitalization of $204.19 million, a PE ratio of 36.50 and a beta of 1.07. The company’s fifty day simple moving average is $19.89 and its 200 day simple moving average is $19.57.

SP Funds S&P Global REIT Sharia ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, January 26th. Stockholders of record on Friday, January 23rd were paid a $0.067 dividend. This is an increase from SP Funds S&P Global REIT Sharia ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, January 23rd.

Hedge Funds Weigh In On SP Funds S&P Global REIT Sharia ETF

An institutional investor recently bought a new position in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC bought a new position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent filing with the SEC.

SP Funds S&P Global REIT Sharia ETF Company Profile

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.