SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Trading Down 0.1% – Here’s Why

Posted by Paula Ricardo on Feb 28th, 2025

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Get Free Report) shares traded down 0.1% during mid-day trading on Thursday . The stock traded as low as $20.31 and last traded at $20.42. 39,567 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 64,999 shares. The stock had previously closed at $20.45.

SP Funds S&P Global REIT Sharia ETF Stock Performance

The stock has a market capitalization of $154.20 million, a price-to-earnings ratio of 29.19 and a beta of 1.13. The firm’s fifty day simple moving average is $20.16 and its 200 day simple moving average is $20.85.

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 boosted its stake in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Free Report) by 145.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,148 shares of the company’s stock after buying 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.

SP Funds S&P Global REIT Sharia ETF Company Profile

(Get Free Report)

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.