SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Announces $0.01 Monthly Dividend

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) announced a monthly dividend on Thursday, February 19th. Stockholders of record on Friday, February 20th will be given a dividend of 0.0065 per share on Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 20th.

SP Funds S&P Global Technology ETF Trading Up 1.2%

Shares of NYSEARCA SPTE traded up $0.46 during mid-day trading on Friday, reaching $37.59. The company had a trading volume of 4,665 shares, compared to its average volume of 34,931. SP Funds S&P Global Technology ETF has a 52 week low of $21.32 and a 52 week high of $38.94. The business’s 50-day moving average is $36.21 and its 200-day moving average is $34.86. The stock has a market cap of $97.72 million, a price-to-earnings ratio of 34.36 and a beta of 1.29.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in shares of SP Funds S&P Global Technology ETF during the 3rd quarter worth $28,000. Farther Finance Advisors LLC lifted its stake in SP Funds S&P Global Technology ETF by 21.6% in the third quarter. Farther Finance Advisors LLC now owns 7,171 shares of the company’s stock worth $247,000 after acquiring an additional 1,272 shares during the period. CWM LLC grew its holdings in SP Funds S&P Global Technology ETF by 47.9% during the 4th quarter. CWM LLC now owns 4,266 shares of the company’s stock worth $150,000 after acquiring an additional 1,381 shares in the last quarter. Bank of America Corp DE purchased a new position in SP Funds S&P Global Technology ETF during the 2nd quarter valued at about $50,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of SP Funds S&P Global Technology ETF by 4.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 50,463 shares of the company’s stock valued at $1,774,000 after purchasing an additional 2,199 shares in the last quarter.

About SP Funds S&P Global Technology ETF

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.