Shariaportfolio Inc. Grows Stock Position in SP Funds S&P World (ex-US) ETF $SPWO

Shariaportfolio Inc. boosted its stake in SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) by 4.9% in the 3rd quarter, Holdings Channel reports. The firm owned 764,592 shares of the company’s stock after acquiring an additional 35,486 shares during the quarter. SP Funds S&P World (ex-US) ETF accounts for approximately 7.8% of Shariaportfolio Inc.’s portfolio, making the stock its 6th largest position. Shariaportfolio Inc. owned approximately 0.25% of SP Funds S&P World (ex-US) ETF worth $20,376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SPWO. Pacific Center for Financial Services bought a new stake in shares of SP Funds S&P World (ex-US) ETF during the second quarter valued at about $38,000. CWM LLC grew its stake in SP Funds S&P World (ex-US) ETF by 278.2% during the third quarter. CWM LLC now owns 5,129 shares of the company’s stock valued at $137,000 after acquiring an additional 3,773 shares in the last quarter. Creative Planning bought a new stake in SP Funds S&P World (ex-US) ETF during the 2nd quarter worth approximately $372,000. Jane Street Group LLC boosted 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 purchasing an additional 17,925 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in SP Funds S&P World (ex-US) ETF by 3.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 46,968 shares of the company’s stock valued at $1,141,000 after purchasing an additional 1,604 shares during the period.

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

SPWO opened at $30.40 on Friday. The firm has a market capitalization of $115.52 million, a P/E ratio of 21.74 and a beta of 0.67. SP Funds S&P World has a one year low of $19.15 and a one year high of $31.34. The company has a fifty day moving average price of $28.42 and a 200-day moving average price of $26.89.

SP Funds S&P World (ex-US) ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 23rd were given a dividend of $0.0255 per share. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, January 23rd.

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