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

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) shares reached a new 52-week high on Wednesday . The company traded as high as $65.83 and last traded at $65.74, with a volume of 13756 shares traded. The stock had previously closed at $64.86.

Wahed FTSE USA Shariah ETF Trading Up 0.9%

The company’s 50-day simple moving average is $61.84 and its 200-day simple moving average is $61.83. The stock has a market capitalization of $810.95 million, a price-to-earnings ratio of 26.06 and a beta of 0.98.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 26th were given a dividend of $0.077 per share. This represents a $0.31 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

Institutional investors have recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp acquired a new position in shares of Wahed FTSE USA Shariah ETF in the fourth quarter worth approximately $93,000. Strategic Blueprint LLC acquired a new position in shares of Wahed FTSE USA Shariah ETF in the 4th quarter worth approximately $201,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Wahed FTSE USA Shariah ETF by 1.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 35,695 shares of the company’s stock valued at $2,118,000 after purchasing an additional 605 shares during the last quarter.

Wahed FTSE USA Shariah ETF Company Profile

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.