SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Reaches New 1-Year High – Still a Buy?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $50.27 and last traded at $50.20, with a volume of 398339 shares traded. The stock had previously closed at $49.88.

SP Funds S&P 500 Sharia Industry Exclusions ETF Trading Up 0.6%

The firm has a market capitalization of $1.68 billion, a PE ratio of 30.44 and a beta of 0.99. The firm’s fifty day moving average price is $47.56 and its 200 day moving average price is $43.47.

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

A number of hedge funds have recently modified their holdings of SPUS. Marshall Wace LLP acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth about $1,674,000. Jaffetilchin Investment Partners LLC boosted its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 69.8% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 12,682 shares of the company’s stock worth $563,000 after purchasing an additional 5,212 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter worth approximately $207,000.

About SP Funds S&P 500 Sharia Industry Exclusions ETF