Shariaportfolio Inc. Has $21.09 Million Position in SP Funds S&P Global Technology ETF (NYSEARCA:SPTE)

Posted by Paula Ricardo on Feb 24th, 2025

Shariaportfolio Inc. increased its holdings in SP Funds S&P Global Technology ETF (NYSEARCA:SPTE – Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 749,756 shares of the company’s stock after buying an additional 24,209 shares during the quarter. SP Funds S&P Global Technology ETF comprises 10.0% of Shariaportfolio Inc.’s portfolio, making the stock its 5th largest holding. Shariaportfolio Inc. owned about 57.67% of SP Funds S&P Global Technology ETF worth $21,091,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPTE. Farther Finance Advisors LLC grew its holdings in SP Funds S&P Global Technology ETF by 20.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,965 shares of the company’s stock worth $216,000 after buying an additional 1,370 shares in the last quarter. Tidal Investments LLC bought a new position in SP Funds S&P Global Technology ETF during the 3rd quarter valued at $751,000. Finally, RFG Advisory LLC boosted its stake in SP Funds S&P Global Technology ETF by 20.2% during the 4th quarter. RFG Advisory LLC now owns 75,712 shares of the company’s stock valued at $2,130,000 after purchasing an additional 12,723 shares in the last quarter.

SP Funds S&P Global Technology ETF Stock Performance

Shares of NYSEARCA SPTE opened at $28.88 on Monday. The stock has a fifty day moving average price of $28.71 and a two-hundred day moving average price of $27.74. The firm has a market cap of $37.54 million, a P/E ratio of 34.01 and a beta of 1.53. SP Funds S&P Global Technology ETF has a 1 year low of $22.29 and a 1 year high of $29.80.

SP Funds S&P Global Technology ETF Company Profile

(Free Report)

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.