SP Funds S&P Global REIT Sharia ETF Price & Performance (SPRE)

The SP Funds S&P Global REIT Sharia ETF (SPRE) saw its stock price decline by 1.7% during recent trading, closing at $19.52. This marks a downward trend as the ETF's 50-day moving average stands at $20.24. Despite this, the fund's yield remains strong at 4.17% with monthly dividend payouts.12

SP Funds' suite of Shariah-compliant ETFs, including SPUS and SPRE, continues to attract attention for their ethical investment focus. SPRE, which tracks global REITs, holds $150.13 million in assets and offers a dividend yield of 4.17%. SPUS, meanwhile, reflects a similar compliance approach in the U.S. equity market.34

The SP Funds S&P Global REIT Sharia ETF (SPRE) shows potential for growth, with analysts predicting a price target of $22. Currently trading at $19.59, the ETF's focus on Shariah-compliant REITs positions it uniquely in the market, though broader real estate sector struggles persist.15