SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Shares Up 0.7% – Here’s Why

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE)’s stock price shot up 0.7% on Monday . The stock traded as high as $19.89 and last traded at $19.85. 75,733 shares traded hands during mid-day 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 Trading Up 0.7 %

The company has a market cap of $115.13 million, a price-to-earnings ratio of 22.77 and a beta of 0.98. The stock’s 50-day moving average is $20.97 and its 200-day moving average is $20.77.

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 raised its position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 145.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,148 shares of the company’s stock after acquiring an additional 3,639 shares during the period. Farther Finance Advisors LLC owned approximately 0.11% of SP Funds S&P Global REIT Sharia ETF worth $135,000 as of its most recent filing with the SEC.

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.