Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sets New 12-Month High – What’s Next?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) hit a new 52-week high during trading on Monday . The company traded as high as $53.10 and last traded at $53.10, with a volume of 10258 shares traded. The stock had previously closed at $52.60.

Wahed FTSE USA Shariah ETF Price Performance

The company has a market cap of $560.85 million, a P/E ratio of 24.44 and a beta of 1.05. The stock has a 50-day moving average of $51.88 and a 200 day moving average of $50.78.

Wahed FTSE USA Shariah ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors 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 1.29%. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02.

Institutional Trading of Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC boosted its holdings in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 18.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,432 shares of the company’s stock after buying an additional 5,404 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.35% of Wahed FTSE USA Shariah ETF worth $1,754,000 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.