SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS – Get Free Report)’s share price crossed above its 50-day moving average during trading on Monday. The stock has a 50-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 traded.
SP Funds S&P 500 Sharia Industry Exclusions ETF Price Performance
The business’s 50 day moving average is $59.25 and its 200 day moving average is $55.16. The stock has a market cap of $3.33 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 firm also recently declared a monthly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Tuesday, October 27th will be issued a dividend of $0.0260 per share. This represents a $0.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 27th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Atomic Invest LLC increased its holdings in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 9.5% in the 2nd 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 stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 1st quarter worth about $243,000. Finally, Operose Advisors LLC acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd 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.
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