SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Shares Up 0.7% – Should You Buy?

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

SP Funds S&P Global REIT Sharia ETF Stock Performance

The firm has a fifty day simple moving average of $20.91 and a 200-day simple moving average of $20.78. The firm has a market cap of $116.23 million, a price-to-earnings ratio of 22.77 and a beta of 0.98.

Institutional Investors Weigh In On SP Funds S&P Global REIT Sharia ETF

A hedge fund recently raised its stake in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC increased its position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 145.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,148 shares of the company’s stock after purchasing 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 Securities and Exchange Commission.

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.