SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Trading 2.1% Higher – What’s Next?

Shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) rose 2.1% during mid-day trading on Monday . The company traded as high as $18.26 and last traded at $18.23. Approximately 54,466 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 59,775 shares. The stock had previously closed at $17.86.

SP Funds S&P Global REIT Sharia ETF Trading Down 0.2 %

The firm has a 50 day moving average price of $19.63 and a 200-day moving average price of $20.32. The firm has a market cap of $138.32 million, a PE ratio of 27.78 and a beta of 1.12.

Institutional Trading of SP Funds S&P Global REIT Sharia ETF

An institutional investor recently raised its position in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC lifted its holdings in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 54.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,723 shares of the company’s stock after acquiring an additional 3,413 shares during the period. Farther Finance Advisors LLC owned 0.13% of SP Funds S&P Global REIT Sharia ETF worth $191,000 at the end of the most recent reporting period.

SP Funds S&P Global REIT Sharia ETF Company Profile

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.