SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Shares Down 1.3% – What’s Next?

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) dropped 1.3% during trading on Monday . The company traded as low as $21.19 and last traded at $21.28. Approximately 88,200 shares changed hands during trading, an increase of 58% from the average daily volume of 55,692 shares. The stock had previously closed at $21.55.

SP Funds S&P Global REIT Sharia ETF Trading Down 1.3 %

The stock has a fifty day moving average of $21.30 and a two-hundred day moving average of $20.62. The stock has a market capitalization of $123.42 million, a price-to-earnings ratio of 22.77 and a beta of 0.98.

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 grew its stake in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 145.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,148 shares of the company’s stock after acquiring an additional 3,639 shares during the period. Farther Finance Advisors LLC owned 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.

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.