SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Price Up 1.8% – Here’s What Happened

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

SP Funds S&P Global REIT Sharia ETF Stock Up 0.8 %

The stock has a market capitalization of $120.83 million, a PE ratio of 22.77 and a beta of 0.98. The stock’s 50-day moving average is $21.48 and its 200 day moving average is $20.33.

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 boosted its stake in shares of 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 Securities & Exchange Commission. The firm owned 6,148 shares of the company’s stock after purchasing an additional 3,639 shares during the quarter. 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 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.