SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Price Up 0.9% – Here’s Why

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

SP Funds S&P Global REIT Sharia ETF Stock Up 0.9 %

The firm has a market cap of $114.49 million, a price-to-earnings ratio of 22.77 and a beta of 0.98. The stock’s 50 day moving average is $20.50 and its 200 day moving average is $20.82.

Institutional Trading of 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 boosted its stake 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 filing with the Securities and Exchange Commission. The firm owned 6,148 shares of the company’s stock after buying an additional 3,639 shares during the period. Farther Finance Advisors LLC owned about 0.11% of SP Funds S&P Global REIT Sharia ETF worth $135,000 at the end of the most recent reporting period.

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.