SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $55.48 and traded as low as $55.35. SP Funds S&P 500 Sharia Industry Exclusions ETF shares last traded at $55.41, with a volume of 1,167,443 shares changing hands.

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

The stock has a fifty day moving average of $59.24 and a 200 day moving average of $55.48. The firm has a market capitalization of $3.14 billion, a P/E ratio of 30.44 and a beta of 1.08.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Tuesday, October 27th were given a dividend of $0.0260 per share. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $0.31 annualized dividend and a dividend yield of 0.6%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in SPUS. Operose Advisors LLC purchased a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth about $33,000. Evansbrook LLC purchased a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the first quarter valued at about $243,000. Atomic Invest LLC boosted its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 9.5% in the second quarter. Atomic Invest LLC now owns 16,630 shares of the company’s stock valued at $943,000 after acquiring an additional 1,436 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 113.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,039 shares of the company’s stock valued at $2,622,000 after acquiring an additional 23,386 shares during the last quarter.

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.