SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sets New 12-Month High – What’s Next?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $59.60 and last traded at $59.59, with a volume of 54988 shares. The stock had previously closed at $59.11.

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

The firm’s fifty day simple moving average is $57.07 and its 200 day simple moving average is $53.98. The stock has a market capitalization of $3.03 billion, a P/E ratio of 30.44 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SPUS. Marshall Wace LLP acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter valued at $1,674,000. Farther Finance Advisors LLC raised its holdings in shares of 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 buying an additional 14,261 shares in the last quarter. Evansbrook LLC bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 1st quarter worth $243,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 4th quarter worth $102,000.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

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.