Shariah Investment Principles Lead to Increased Interest in S&P Global Technology ETF by Virtu Financial and Shariaportfolio Inc.

Virtu Financial LLC Acquires 11,268 Shares in SP Funds S&P Global Technology ETF (NYSEARCA:SPTE)

Virtu Financial LLC and Shariaportfolio Inc. recently disclosed their investments in SP Funds S&P Global Technology ETF during the 4th quarter. Virtu Financial purchased 11,268 shares of the ETF, valued at approximately $239,000 while Shariaportfolio acquired a stake worth $9,779,000.

SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that primarily invests in information technology equity and follows Shariah investment principles. The fund invests in global technology companies and its stocks are weighted based on market cap. SPTE was launched on Nov 30, 2023 and is issued by SP Funds.

On Friday, shares of SP Funds S&P Global Technology ETF opened at $27.18 with a fifty-day moving average of $25.00 and a two-hundred day moving average of $23.58. The stock has a market cap of $35.33 million, a P/E ratio of 34.01, and a beta of 1.53. Its 52-week low is $19.79 while its 52-week high is $28.17. To stay updated on news and ratings for SP Funds S&P Global Technology ETF, readers can sign up for a daily email newsletter from MarketBeat

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