SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Price Up 1.1% – Should You Buy?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE)’s stock price rose 1.1% on Wednesday . The company traded as high as $20.54 and last traded at $20.52. Approximately 49,929 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 64,653 shares. The stock had previously closed at $20.29.

SP Funds S&P Global REIT Sharia ETF Trading Up 1.1 %

The company has a market capitalization of $119.02 million, a price-to-earnings ratio of 22.77 and a beta of 0.98. The firm’s 50 day simple moving average is $20.23 and its 200-day simple moving average is $20.84.

Institutional Investors Weigh In On SP Funds S&P Global REIT Sharia ETF

An institutional investor recently raised its position in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC increased its stake in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 145.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,148 shares of the company’s stock after purchasing 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 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.