SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Shares Cross Below Fifty Day Moving Average – Should You Sell?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE)’s share price crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $19.19 and traded as low as $19.07. SP Funds S&P Global REIT Sharia ETF shares last traded at $19.17, with a volume of 104,397 shares.

SP Funds S&P Global REIT Sharia ETF Stock Down 0.4%

The company has a fifty day moving average of $19.19 and a two-hundred day moving average of $20.48. The stock has a market capitalization of $203.20 million, a price-to-earnings ratio of 36.50 and a beta of 0.99.

SP Funds S&P Global REIT Sharia ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Tuesday, October 27th were paid a $0.0670 dividend. This represents a $0.80 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, October 27th.

Institutional Trading of SP Funds S&P Global REIT Sharia ETF

A hedge fund recently raised its position in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC grew its position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 18.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,916 shares of the company’s stock after acquiring an additional 2,892 shares during the period. Farther Finance Advisors LLC owned about 0.18% of SP Funds S&P Global REIT Sharia ETF worth $358,000 at the end of the most recent quarter.

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.