SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Stock Breaks Below 200-Day Moving Average – Here’s Why

by · The Markets Daily

Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $55.48 and traded as low as $55.35. SP Funds S&P 500 Sharia Industry Exclusions ETF shares last traded at $55.41, with a volume of 1,167,443 shares traded.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Up 0.6%

The business’s 50 day moving average is $59.17 and its 200-day moving average is $55.51. The firm has a market cap of $3.19 billion, a P/E ratio of 30.44 and a beta of 1.08.

SP Funds S&P 500 Sharia Industry Exclusions ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Tuesday, October 27th were issued a dividend of $0.0260 per share. This represents a $0.31 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, October 27th.

Institutional Investors Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF

A number of institutional investors have recently modified their holdings of SPUS. Operose Advisors LLC acquired a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter worth about $33,000. Evansbrook LLC acquired a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 1st quarter worth approximately $243,000. Atomic Invest LLC grew its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 9.5% in the 2nd quarter. Atomic Invest LLC now owns 16,630 shares of the company’s stock worth $943,000 after acquiring an additional 1,436 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 113.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,039 shares of the company’s stock worth $2,622,000 after acquiring an additional 23,386 shares in the last quarter.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

(Get Free Report)

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.

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