SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Increases Dividend to $0.07 Per Share

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) announced a monthly dividend on Thursday, January 22nd. Stockholders of record on Friday, January 23rd will be given a dividend of 0.067 per share on Monday, January 26th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, January 23rd. This is a 2.6% increase from SP Funds S&P Global REIT Sharia ETF’s previous monthly dividend of $0.07.

SP Funds S&P Global REIT Sharia ETF Price Performance

SPRE opened at $19.97 on Friday. SP Funds S&P Global REIT Sharia ETF has a fifty-two week low of $16.42 and a fifty-two week high of $20.81. The company’s 50 day moving average price is $19.61 and its two-hundred day moving average price is $19.46. The firm has a market capitalization of $189.70 million, a price-to-earnings ratio of 36.50 and a beta of 1.07.

Institutional Investors Weigh In On SP Funds S&P Global REIT Sharia ETF

A hedge fund recently raised its stake in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC raised its holdings in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,412 shares of the company’s stock after buying an additional 689 shares during the quarter. Farther Finance Advisors LLC owned 0.13% of SP Funds S&P Global REIT Sharia ETF worth $200,000 as of its most recent SEC filing.

About SP Funds S&P Global REIT Sharia ETF

The SP Funds S&P Global REIT Sharia ETF (SPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market-cap-weighted index of Shariah-compliant global REITs. SPRE was launched on Dec 30, 2020 and is managed by SP Funds.