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SPGX

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Analysis and statistics

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About

SPGX.US represents the Roundhill S&P Equal Weight Ex-Technology ETF. This ETF seeks to provide investment results that correspond generally to the price and yield performance of the S&P 500 Equal Weight Ex-Information Technology Index. The index equally weights all companies in the S&P 500 other than those classified in the Information Technology sector, aiming to offer diversified exposure across the large-cap U.S. equity market while mitigating concentration risk associated with technology stocks. Investors may use SPGX to gain access to a broad segment of the market with less emphasis on the technology sector.
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Factors

The SPGX.US stock price, representing SP Funds S&P 500 Sharia ETF, is influenced by several interconnected factors: S&P 500 Performance: SPGX tracks the S&P 500, but screened for Sharia compliance. Movements in the S&P 500 directly impact SPGX's price.

Sharia Compliance Filtering: Companies excluded for non-Sharia compliance (e.g., alcohol, gambling) influence SPGX's tracking accuracy relative to the broader S&P 500.

Islamic Finance Sentiment: Investor appetite for Sharia-compliant investments impacts demand for SPGX, affecting its market price.

Expense Ratio: The fund's expense ratio impacts long-term returns, influencing its attractiveness compared to other ETFs.

Supply and Demand: General market forces of supply and demand for ETF shares also affects price. More buyers than sellers will increase prices, and the reverse will decrease prices.

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