SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Price Up 1.4% – Still a Buy?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPREGet Free Report) rose 1.4% during mid-day trading on Friday . The stock traded as high as $21.33 and last traded at $21.27. Approximately 53,472 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 75,109 shares. The stock had previously closed at $20.97.

SP Funds S&P Global REIT Sharia ETF Price Performance

The stock has a market cap of $204.19 million, a price-to-earnings ratio of 36.50 and a beta of 1.07. The company’s fifty day simple moving average is $19.89 and its two-hundred day simple moving average is $19.57.

SP Funds S&P Global REIT Sharia ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 23rd were issued a $0.067 dividend. The ex-dividend date was Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from SP Funds S&P Global REIT Sharia ETF’s previous monthly dividend of $0.07.

Hedge Funds Weigh In On SP Funds S&P Global REIT Sharia ETF

An institutional investor recently bought a new position in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC acquired a new position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPREFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent filing with the Securities and Exchange Commission.

SP Funds S&P Global REIT Sharia ETF Company Profile

(Get Free Report)

The SP Funds S&P Global REIT Sharia ETF (SPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market-cap-weighted index of Shariah-compliant global REITs. SPRE was launched on Dec 30, 2020 and is managed by SP Funds.

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