SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Trading 0.3% Higher – What’s Next?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE)’s stock price rose 0.3% on Friday . The stock traded as high as $19.29 and last traded at $19.24. Approximately 12,501 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 55,634 shares. The stock had previously closed at $19.19.

SP Funds S&P Global REIT Sharia ETF Trading Up 0.3%

The stock has a market cap of $168.73 million, a PE ratio of 36.50 and a beta of 1.07. The business has a 50 day moving average of $19.47 and a 200-day moving average of $19.39.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC boosted its position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 7.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,412 shares of the company’s stock after purchasing an additional 689 shares during the period. Farther Finance Advisors LLC owned about 0.13% of SP Funds S&P Global REIT Sharia ETF worth $200,000 as of its most recent SEC filing.

About SP Funds S&P Global REIT Sharia ETF

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.