SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Hits New 12-Month High – Still a Buy?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUSGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $53.45 and last traded at $53.45, with a volume of 378676 shares changing hands. The stock had previously closed at $52.75.

SP Funds S&P 500 Sharia Industry Exclusions ETF Trading Up 1.4%

The stock’s 50-day moving average price is $50.21 and its two-hundred day moving average price is $50.69. The stock has a market capitalization of $2.34 billion, a P/E ratio of 30.44 and a beta of 1.08.

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

The firm also recently announced a monthly dividend, which was paid on Monday, February 23rd. Shareholders of record on Friday, February 20th were issued a dividend of $0.026 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 0.6%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in SPUS. Murphy & Mullick Capital Management Corp bought a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 4th quarter worth about $102,000. Jaffetilchin Investment Partners LLC boosted its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock worth $816,000 after buying an additional 2,765 shares in the last quarter. Marshall Wace LLP purchased a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter worth approximately $1,674,000. Finally, Farther Finance Advisors LLC grew its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 4.0% during the third quarter. Farther Finance Advisors LLC now owns 100,928 shares of the company’s stock valued at $4,987,000 after acquiring an additional 3,916 shares during the last quarter.

SP Funds S&P 500 Sharia Industry Exclusions ETF Company Profile

(Get Free Report)

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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