Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sets New 12-Month High – Here’s Why

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s stock price hit a new 52-week high on Monday . The stock traded as high as $63.40 and last traded at $63.4570, with a volume of 15109 shares changing hands. The stock had previously closed at $62.98.

Wahed FTSE USA Shariah ETF Stock Performance

The company has a market capitalization of $739.43 million, a P/E ratio of 26.06 and a beta of 1.00. The company has a 50-day simple moving average of $62.15 and a 200 day simple moving average of $59.37.

Wahed FTSE USA Shariah ETF Cuts Dividend

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC increased its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,695 shares of the company’s stock after buying 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 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.