RFG Advisory LLC Invests $574,000 in SP Funds S&P Global Technology ETF $SPTE

RFG Advisory LLC acquired a new stake in shares of SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 16,559 shares of the company’s stock, valued at approximately $574,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. bought a new stake in SP Funds S&P Global Technology ETF during the 3rd quarter worth approximately $28,000. Bank of America Corp DE bought a new position in SP Funds S&P Global Technology ETF in the second quarter valued at approximately $50,000. Strengthening Families & Communities LLC boosted its holdings in shares of SP Funds S&P Global Technology ETF by 319.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 4,211 shares of the company’s stock valued at $148,000 after buying an additional 3,206 shares during the period. CWM LLC boosted its holdings in shares of SP Funds S&P Global Technology ETF by 47.9% in the fourth quarter. CWM LLC now owns 4,266 shares of the company’s stock valued at $150,000 after buying an additional 1,381 shares during the period. Finally, Mariner LLC acquired a new position in shares of SP Funds S&P Global Technology ETF in the fourth quarter valued at approximately $292,000.

SP Funds S&P Global Technology ETF Stock Up 3.2%

Shares of SPTE stock opened at $47.46 on Tuesday. SP Funds S&P Global Technology ETF has a 12-month low of $30.61 and a 12-month high of $50.75. The firm has a fifty day moving average of $45.70 and a 200-day moving average of $39.56. The company has a market capitalization of $161.36 million, a price-to-earnings ratio of 34.36 and a beta of 1.57.

SP Funds S&P Global Technology ETF Company Profile

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.