SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Trading Up 0.9% – Time to Buy?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS)’s share price shot up 0.9% on Thursday . The company traded as high as $57.61 and last traded at $57.46. 317,657 shares traded hands during trading, a decline of 46% from the average daily volume of 583,236 shares. The stock had previously closed at $56.93.

SP Funds S&P 500 Sharia Industry Exclusions ETF Price Performance

The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 30.44 and a beta of 1.09. The firm has a 50 day moving average price of $56.85 and a 200-day moving average price of $52.99.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 approximately $102,000. Evansbrook LLC purchased a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the first quarter worth approximately $243,000. Jaffetilchin Investment Partners LLC lifted its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock worth $816,000 after acquiring an additional 2,765 shares during the last quarter. Marshall Wace LLP acquired a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter worth approximately $1,674,000. Finally, Farther Finance Advisors LLC grew its holdings in SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% during the 4th quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock worth $5,883,000 after acquiring 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.