SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Trading Up 0.9% – Still a Buy?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) was up 0.9% during trading on Tuesday . The stock traded as high as $19.75 and last traded at $19.74. Approximately 33,080 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 69,660 shares. The stock had previously closed at $19.56.

SP Funds S&P Global REIT Sharia ETF Price Performance

The company has a market capitalization of $114.49 million, a price-to-earnings ratio of 22.77 and a beta of 0.98. The business has a fifty day moving average price of $20.50 and a 200 day moving average price of $20.82.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC grew its holdings in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 145.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,148 shares of the company’s stock after buying an additional 3,639 shares during the quarter. Farther Finance Advisors LLC owned 0.11% of SP Funds S&P Global REIT Sharia ETF worth $135,000 as of its most recent filing with the SEC.

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.