SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Shares Up 2.7% – What’s Next?

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

SP Funds S&P 500 Sharia Industry Exclusions ETF Trading Down 0.2%

The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 30.44 and a beta of 1.09. The stock has a 50-day moving average price of $57.04 and a two-hundred day moving average price of $53.55.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPUS. Murphy & Mullick Capital Management Corp purchased a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the fourth quarter worth about $102,000. Evansbrook LLC purchased a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 1st quarter valued at approximately $243,000. Marshall Wace LLP acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter worth approximately $1,674,000. Finally, Farther Finance Advisors LLC boosted its stake 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 worth $5,883,000 after purchasing an additional 14,261 shares in the last quarter.

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

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.