SP Funds S&P World (ex-US) ETF $SPWO Stock Position Reduced by Shariaportfolio Inc.

Shariaportfolio Inc. lessened its stake in SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 779,660 shares of the company’s stock after selling 29,609 shares during the quarter. SP Funds S&P World (ex-US) ETF accounts for about 9.7% of Shariaportfolio Inc.’s holdings, making the stock its 4th biggest position. Shariaportfolio Inc. owned approximately 0.16% of SP Funds S&P World (ex-US) ETF worth $21,986,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lido Advisors LLC boosted its stake in shares of SP Funds S&P World (ex-US) ETF by 11.0% during the 1st quarter. Lido Advisors LLC now owns 12,762 shares of the company’s stock valued at $360,000 after buying an additional 1,267 shares during the period. CWM LLC increased its stake in shares of SP Funds S&P World (ex-US) ETF by 31.4% in the fourth quarter. CWM LLC now owns 6,737 shares of the company’s stock worth $184,000 after acquiring an additional 1,608 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of SP Funds S&P World (ex-US) ETF during the fourth quarter worth $52,000. Strengthening Families & Communities LLC raised its holdings in shares of SP Funds S&P World (ex-US) ETF by 243.6% during the fourth quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock worth $190,000 after acquiring an additional 4,931 shares in the last quarter. Finally, Mariner LLC acquired a new stake in SP Funds S&P World (ex-US) ETF during the fourth quarter valued at $269,000.

SP Funds S&P World (ex-US) ETF Stock Performance

SPWO opened at $32.04 on Monday. The stock has a fifty day moving average price of $33.25 and a 200 day moving average price of $31.23. SP Funds S&P World has a 1 year low of $23.86 and a 1 year high of $35.46. The stock has a market cap of $197.05 million, a price-to-earnings ratio of 21.74 and a beta of 0.89.

About SP Funds S&P World (ex-US) ETF

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.