SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) to Issue Monthly Dividend of $0.03

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) announced a monthly dividend on Monday, October 26th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.0260 per share on Wednesday, October 28th. This represents a $0.31 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 27th.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Up 1.1%

SP Funds S&P 500 Sharia Industry Exclusions ETF stock opened at $59.30 on Tuesday. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 30.44 and a beta of 1.09. SP Funds S&P 500 Sharia Industry Exclusions ETF has a 12-month low of $46.43 and a 12-month high of $61.42. The business’s 50-day simple moving average is $59.25 and its 200 day simple moving average is $55.16.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Atomic Invest LLC increased its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 9.5% in the 2nd quarter. Atomic Invest LLC now owns 16,630 shares of the company’s stock valued at $943,000 after buying an additional 1,436 shares in the last quarter. Evansbrook LLC acquired a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 1st quarter worth approximately $243,000. Finally, Operose Advisors LLC bought a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter valued at about $33,000.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

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.