SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Shares Up 2.7% – Should You Buy?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) rose 2.7% on Thursday . The stock traded as high as $56.49 and last traded at $56.45. Approximately 527,116 shares were traded during trading, a decline of 6% from the average session volume of 561,545 shares. The stock had previously closed at $54.95.

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

The business’s 50-day moving average is $57.05 and its two-hundred day moving average is $53.54. The stock has a market capitalization of $2.87 billion, a PE ratio of 30.44 and a beta of 1.09.

Institutional Trading of SP Funds S&P 500 Sharia Industry Exclusions ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth about $1,674,000. Farther Finance Advisors LLC boosted its holdings in SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% in the 4th quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock valued at $5,883,000 after purchasing an additional 14,261 shares in the last quarter. Evansbrook LLC purchased a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 1st quarter valued at approximately $243,000. Jaffetilchin Investment Partners LLC increased its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock worth $816,000 after purchasing an additional 2,765 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 4th quarter worth approximately $102,000.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

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.