Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Hits New 1-Year High – What’s Next?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) reached a new 52-week high during trading on Friday . The company traded as high as $63.05 and last traded at $63.0590, with a volume of 24465 shares. The stock had previously closed at $62.55.

Wahed FTSE USA Shariah ETF Stock Performance

The stock has a market cap of $726.11 million, a PE ratio of 26.06 and a beta of 1.00. The firm has a 50-day moving average price of $61.76 and a 200-day moving average price of $58.58.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.0772 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.31 annualized dividend and a dividend yield of 0.5%.

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 increased its stake in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,695 shares of the company’s stock after purchasing an additional 605 shares during the quarter. Farther Finance Advisors LLC owned 0.30% of Wahed FTSE USA Shariah ETF worth $2,118,000 at the end of the most recent quarter.

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.