SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Trading 1.8% Higher – Should You Buy?

Shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) rose 1.8% on Tuesday . The company traded as high as $21.00 and last traded at $21.00. Approximately 48,718 shares were traded during trading, a decline of 14% from the average daily volume of 56,549 shares. The stock had previously closed at $20.62.

SP Funds S&P Global REIT Sharia ETF Trading Up 1.8 %

The firm’s fifty day moving average price is $21.49 and its 200-day moving average price is $20.31. The firm has a market cap of $121.80 million, a price-to-earnings ratio of 22.77 and a beta of 0.98.

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 position in shares of 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 fund 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.