SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sets New 1-Year High – Here’s Why

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS – Get Free Report) shares reached a new 52-week high during mid-day trading on Friday. The stock traded as high as $60.49 and last traded at $60.4750, with a volume of 47705 shares. The stock had previously closed at $59.72.

SP Funds S&P 500 Sharia Industry Exclusions ETF Trading Up 1.2%

The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 30.44 and a beta of 1.09. The stock has a fifty day moving average price of $58.52 and a 200 day moving average price of $55.97.

SP Funds S&P 500 Sharia Industry Exclusions ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were issued a dividend of $0.0260 per share. This represents a $0.31 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 28th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SPUS. Atomic Invest LLC lifted its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 9.5% during the 2nd quarter. Atomic Invest LLC now owns 16,630 shares of the company’s stock worth $943,000 after acquiring an additional 1,436 shares during the last quarter. Evansbrook LLC acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the first quarter valued at about $243,000. Finally, Operose Advisors LLC acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter valued at about $33,000.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

(Get Free Report)

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.

Further Reading

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