SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Trading Down 0.3% – Here’s What Happened

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS)’s share price fell 0.3% during mid-day trading on Tuesday . The stock traded as low as $57.80 and last traded at $57.90. 274,843 shares traded hands during trading, a decline of 49% from the average session volume of 543,461 shares. The stock had previously closed at $58.06.

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

The stock’s 50 day simple moving average is $57.96 and its 200 day simple moving average is $55.26. The firm has a market cap of $2.99 billion, a PE ratio of 30.44 and a beta of 1.09.

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

The business also recently announced a monthly dividend, which was paid on Tuesday, July 28th. Investors of record on Monday, July 27th were given a $0.026 dividend. The ex-dividend date was Monday, July 27th. This represents a c) annualized dividend and a yield of 0.5%.

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

A number of large investors have recently added to or reduced their stakes in SPUS. Operose Advisors LLC purchased a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter worth about $33,000. Murphy & Mullick Capital Management Corp bought a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 4th quarter worth approximately $102,000. Finally, Evansbrook LLC bought a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 1st quarter worth approximately $243,000.

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.