SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Shares Up 3.3% – What’s Next?

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO)’s share price traded up 3.3% during mid-day trading on Thursday . The stock traded as high as $35.03 and last traded at $35.03. 35,931 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 62,915 shares. The stock had previously closed at $33.92.

SP Funds S&P World (ex-US) ETF Price Performance

The stock has a market cap of $174.10 million, a P/E ratio of 21.74 and a beta of 0.91. The company has a fifty day moving average of $32.61 and a 200 day moving average of $30.08.

Institutional Trading of SP Funds S&P World (ex-US) ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Shariaportfolio Inc. grew its holdings in SP Funds S&P World (ex-US) ETF by 5.8% during the fourth quarter. Shariaportfolio Inc. now owns 809,269 shares of the company’s stock worth $22,093,000 after acquiring an additional 44,677 shares during the period. TD Waterhouse Canada Inc. raised its position in SP Funds S&P World (ex-US) ETF by 65.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 81,293 shares of the company’s stock worth $2,215,000 after acquiring an additional 32,030 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in SP Funds S&P World (ex-US) ETF in the 3rd quarter valued at about $761,000. Jane Street Group LLC lifted its holdings in SP Funds S&P World (ex-US) ETF by 105.9% in the 1st quarter. Jane Street Group LLC now owns 34,845 shares of the company’s stock valued at $765,000 after acquiring an additional 17,925 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of SP Funds S&P World (ex-US) ETF during the 4th quarter valued at about $52,000.

SP Funds S&P World (ex-US) ETF Company Profile

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.