SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Reaches New 12-Month High – Should You Buy?

Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) reached a new 52-week high during trading on Thursday . The stock traded as high as $59.60 and last traded at $59.59, with a volume of 54988 shares traded. The stock had previously closed at $59.11.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Down 0.2%

The stock has a market capitalization of $3.02 billion, a PE ratio of 30.44 and a beta of 1.09. The stock’s 50-day moving average is $57.14 and its 200 day moving average is $54.07.

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

A number of institutional investors have recently modified their holdings of SPUS. Marshall Wace LLP acquired a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter worth $1,674,000. Farther Finance Advisors LLC raised its holdings in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% during the fourth quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock worth $5,883,000 after acquiring an additional 14,261 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the fourth quarter valued at $102,000. Finally, Evansbrook LLC acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the first quarter valued at $243,000.

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.