Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Strong Trading Volume – Should You Buy?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw an uptick in trading volume on Thursday . 46,672 shares changed hands during trading, a decline of 24% from the previous session’s volume of 61,804 shares.The stock last traded at $52.18 and had previously closed at $51.85.

Wahed FTSE USA Shariah ETF Trading Up 0.1 %

The firm has a 50 day moving average of $50.96 and a two-hundred day moving average of $49.89. The stock has a market capitalization of $546.20 million, a PE ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were given a $0.17 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC raised its holdings in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,245 shares of the company’s stock after purchasing an additional 1,079 shares during the period. Valeo Financial Advisors LLC owned 0.09% of Wahed FTSE USA Shariah ETF worth $417,000 at the end of the most recent reporting period.

About Wahed FTSE USA Shariah ETF

The Wahed FTSE USA Shariah ETF (HLAL) is an exchange-traded fund that is based on the FTSE USA Shariah index, a principles-selected, market-cap-weighted index of US equities. HLAL was launched on Jul 16, 2019 and is managed by Wahed.