SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Reaches New 1-Year High – Should You Buy?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS)’s share price hit a new 52-week high on Monday . The company traded as high as $59.70 and last traded at $59.6850, with a volume of 246001 shares changing hands. The stock had previously closed at $58.91.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Up 1.3%

The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 30.44 and a beta of 1.09. The company has a 50 day simple moving average of $58.01 and a 200 day simple moving average of $55.37.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, July 28th. Stockholders of record on Monday, July 27th were issued a dividend of $0.026 per share. The ex-dividend date was Monday, July 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Evansbrook LLC purchased a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the first quarter worth approximately $243,000. Murphy & Mullick Capital Management Corp purchased a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 4th quarter worth $102,000. Finally, Operose Advisors LLC acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter valued at $33,000.

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.