SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sees Strong Trading Volume – Here’s Why

Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) saw unusually-high trading volume on Monday . 383,957 shares were traded during trading, a decline of 32% from the previous session’s volume of 566,751 shares.The stock last traded at $59.06 and had previously closed at $59.16.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Down 0.1%

The business has a 50 day moving average price of $57.09 and a two-hundred day moving average price of $53.81. The stock has a market cap of $3.01 billion, a P/E ratio of 30.44 and a beta of 1.09.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the fourth quarter valued at approximately $102,000. Evansbrook LLC bought a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the first quarter worth $243,000. Marshall Wace LLP bought a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth $1,674,000. Finally, Farther Finance Advisors LLC boosted its position 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 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.