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

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUSGet Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $47.92 and last traded at $47.71, with a volume of 502689 shares. The stock had previously closed at $47.22.

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

The firm’s 50-day simple moving average is $46.25 and its two-hundred day simple moving average is $42.39. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 30.44 and a beta of 0.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPUS. Janney Montgomery Scott LLC acquired a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth about $207,000. Jaffetilchin Investment Partners LLC grew its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 69.8% in the second quarter. Jaffetilchin Investment Partners LLC now owns 12,682 shares of the company’s stock valued at $563,000 after purchasing an additional 5,212 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter valued at approximately $1,674,000.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

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Further Reading

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