SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Hits New 52-Week High – Here’s Why

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $57.74 and last traded at $57.65, with a volume of 127937 shares. The stock had previously closed at $57.23.

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

The company’s 50-day simple moving average is $52.59 and its 200 day simple moving average is $51.59. The company has a market cap of $2.60 billion, a PE ratio of 30.44 and a beta of 1.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp acquired a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 4th quarter worth $102,000. Jaffetilchin Investment Partners LLC raised its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock valued at $816,000 after purchasing an additional 2,765 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% in the 4th 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 during the period. Finally, Marshall Wace LLP purchased a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter valued at about $1,674,000.

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.