SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Trading Up 1.1% – Here’s Why

Shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) shot up 1.1% on Wednesday . The stock traded as high as $20.54 and last traded at $20.52. 49,929 shares traded hands during trading, a decline of 23% from the average session volume of 64,653 shares. The stock had previously closed at $20.29.

SP Funds S&P Global REIT Sharia ETF Price Performance

The firm has a market cap of $119.02 million, a P/E ratio of 22.77 and a beta of 0.98. The firm’s 50-day moving average price is $20.23 and its 200 day moving average price is $20.84.

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

A hedge fund recently raised its stake in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC increased its holdings in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 145.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,148 shares of the company’s stock after acquiring an additional 3,639 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.11% of SP Funds S&P Global REIT Sharia ETF worth $135,000 at the end of the most recent quarter.

SP Funds S&P Global REIT Sharia ETF Company Profile

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.