SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Trading Up 0.2% – Here’s Why

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO)’s stock price was up 0.2% on Wednesday . The stock traded as high as $34.19 and last traded at $33.84. Approximately 53,062 shares changed hands during trading, a decline of 13% from the average daily volume of 61,271 shares. The stock had previously closed at $33.76.

SP Funds S&P World (ex-US) ETF Stock Performance

The firm has a market capitalization of $169.23 million, a price-to-earnings ratio of 21.74 and a beta of 0.88. The company has a fifty day moving average of $30.77 and a two-hundred day moving average of $29.26.

Institutional Trading of SP Funds S&P World (ex-US) ETF

Hedge funds have recently added to or reduced their stakes in the company. Shariaportfolio Inc. lifted its holdings in SP Funds S&P World (ex-US) ETF by 4.9% during the 3rd quarter. Shariaportfolio Inc. now owns 764,592 shares of the company’s stock worth $20,376,000 after purchasing an additional 35,486 shares during the last quarter. RFG Advisory LLC lifted its holdings in SP Funds S&P World (ex-US) ETF by 91.8% during the 3rd quarter. RFG Advisory LLC now owns 364,359 shares of the company’s stock worth $9,710,000 after purchasing an additional 174,396 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in SP Funds S&P World (ex-US) ETF by 65.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 81,293 shares of the company’s stock worth $2,215,000 after purchasing an additional 32,030 shares during the last quarter. Cetera Investment Advisers acquired a new stake in SP Funds S&P World (ex-US) ETF during the 1st quarter worth approximately $486,000. Finally, Mariner LLC acquired a new stake in SP Funds S&P World (ex-US) ETF during the 4th quarter worth approximately $269,000.

SP Funds S&P World (ex-US) ETF Company Profile

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.