SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Price Up 0.7% – Here’s What Happened

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) shares shot up 0.7% on Monday . The company traded as high as $19.89 and last traded at $19.85. 75,733 shares were traded during trading, an increase of 37% from the average session volume of 55,410 shares. The stock had previously closed at $19.72.

SP Funds S&P Global REIT Sharia ETF Price Performance

The business’s 50 day simple moving average is $20.91 and its 200-day simple moving average is $20.78. The stock has a market capitalization of $116.23 million, a P/E ratio of 22.77 and a beta of 0.98.

Hedge Funds 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 lifted its position 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 Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

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.