SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) to Issue Monthly Dividend of $0.05

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) announced a monthly dividend on Thursday, February 19th. Investors of record on Friday, February 20th will be given a dividend of 0.052 per share on Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, February 20th.

SP Funds Dow Jones Global Sukuk ETF Price Performance

NYSEARCA SPSK traded down $0.04 during trading hours on Friday, reaching $18.30. The company’s stock had a trading volume of 14,435 shares, compared to its average volume of 230,234. The company’s 50-day moving average is $18.32 and its two-hundred day moving average is $18.45. SP Funds Dow Jones Global Sukuk ETF has a fifty-two week low of $17.73 and a fifty-two week high of $18.71.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in SP Funds Dow Jones Global Sukuk ETF by 10.0% in the 4th quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock valued at $769,000 after buying an additional 3,842 shares in the last quarter. Strategic Blueprint LLC raised its holdings in shares of SP Funds Dow Jones Global Sukuk ETF by 5.2% in the fourth quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock worth $224,000 after acquiring an additional 601 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC lifted its position in shares of SP Funds Dow Jones Global Sukuk ETF by 5.9% in the third quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock valued at $300,000 after acquiring an additional 903 shares in the last quarter.

About SP Funds Dow Jones Global Sukuk ETF

The SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated global investment-grade sukuk of various maturities and weighted by market value. SPSK was launched on Dec 30, 2019 and is managed by SP Funds.