SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Stock Price Down 1.2% – What’s Next?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS)’s stock price fell 1.2% on Tuesday . The stock traded as low as $57.21 and last traded at $57.26. Approximately 665,595 shares were traded during mid-day trading, an increase of 11% from the average session volume of 600,044 shares. The stock had previously closed at $57.98.

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

The stock has a market cap of $2.59 billion, a P/E ratio of 30.44 and a beta of 1.09. The stock has a 50-day simple moving average of $55.34 and a 200-day simple moving average of $52.34.

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

Several hedge funds and other institutional investors have recently made changes to their positions in SPUS. 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. Farther Finance Advisors LLC boosted its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% in the fourth quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock valued at $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 first quarter worth $243,000. Jaffetilchin Investment Partners LLC grew its stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock worth $816,000 after buying an additional 2,765 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the fourth quarter worth $102,000.

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.