SPUS stock icon

SP Funds S&P 500 Sharia ETF
SPUS

$41.30
2.2%

Market Cap: $745M

0
Funds holding %
of 6,710 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

138% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 8

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

17% more capital invested

Capital invested by funds: $92M [Q1] → $108M (+$15.6M) [Q2]

7% more funds holding

Funds holding: 45 [Q1] → 48 (+3) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

1.2% less ownership

Funds ownership: 18.17% [Q1] → 16.96% (-1.2%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for SPUS.

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Financial journalist opinion

Positive
Seeking Alpha
4 months ago
SPUS: Shariah Exclusions ETF With Nearly 50% Allocated To The Magnificent 7
SPUS tracks the S&P 500 Shariah Industry Exclusions Index, selecting large-cap companies meeting specific screens related to how they derive net income. Fees are 0.45% and AUM is $575 million. SPUS also screens constituents for debt, and the fund ranks an impressive #18/57 on profitability among the large-cap growth ETFs I track. High quality is SPUS' best fundamental feature. The downside is SPUS is highly concentrated, with 47% allocated to Magnificent Seven stocks and two-thirds of assets in only 25 companies.
SPUS: Shariah Exclusions ETF With Nearly 50% Allocated To The Magnificent 7
Positive
Seeking Alpha
7 months ago
January FOMC Meeting Review: The 'Fed-Amental' Attribution Error
The Federal Reserve kept rates steady and maintained a hawkish stance toward inflation while acknowledging an outstanding economy and progress in vanquishing inflationary pressure. Expectations for rate cuts in March were dampened by a change in statement language and Powell's comments in the press conference.
January FOMC Meeting Review: The 'Fed-Amental' Attribution Error
Positive
Seeking Alpha
7 months ago
SPUS: Shariah ESG ETF Powered By 46% Tech Beat The Market
SPUS tracks the S&P 500 Shariah Industry Exclusions Index. Fees are high at 0.45%, but it's been the top-performing ESG since its December 2019 launch. The primary reason is a screening and weighting process that favors high-valued Technology stocks. Debt is measured as a percentage of market capitalization, and securities are market-cap-weighted. This process allows semiconductor stocks like Nvidia and Broadcom, where competitors like HLAL, which measure debt as a percentage of total assets, exclude them.
SPUS: Shariah ESG ETF Powered By 46% Tech Beat The Market
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