SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Trading 2.1% Higher – Time to Buy?

Shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) rose 2.1% during trading on Monday . The stock traded as high as $18.26 and last traded at $18.23. Approximately 54,466 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 59,775 shares. The stock had previously closed at $17.86.

SP Funds S&P Global REIT Sharia ETF Price Performance

The business’s 50-day moving average is $19.68 and its 200 day moving average is $20.33. The firm has a market capitalization of $138.55 million, a P/E ratio of 27.78 and a beta of 1.12.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC boosted its position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 54.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,723 shares of the company’s stock after buying an additional 3,413 shares during the period. Farther Finance Advisors LLC owned approximately 0.13% of SP Funds S&P Global REIT Sharia ETF worth $191,000 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.