SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sets New 12-Month High – Time to Buy?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $54.46 and last traded at $54.39, with a volume of 237013 shares changing hands. The stock had previously closed at $53.91.

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

The firm has a market cap of $2.50 billion, a PE ratio of 30.44 and a beta of 1.08. The firm has a 50-day simple moving average of $50.79 and a 200 day simple moving average of $51.01.

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

The business also recently declared a monthly dividend, which was paid on Monday, February 23rd. Stockholders of record on Friday, February 20th were given a $0.026 dividend. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, February 20th.

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

Several large investors have recently modified their holdings of SPUS. Murphy & Mullick Capital Management Corp purchased a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 4th quarter worth about $102,000. Jaffetilchin Investment Partners LLC raised its position in shares of 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 worth $816,000 after purchasing an additional 2,765 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter worth about $1,674,000. Finally, Farther Finance Advisors LLC raised its position 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 worth $5,883,000 after purchasing an additional 14,261 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.