Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sets New 1-Year High – Here’s Why

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $74.11 and last traded at $74.11, with a volume of 192 shares trading hands. The stock had previously closed at $72.38.

Wahed FTSE USA Shariah ETF Trading Up 0.5%

The stock has a market cap of $948.87 million, a P/E ratio of 26.06 and a beta of 1.03. The company has a 50 day simple moving average of $71.13 and a 200 day simple moving average of $67.04.

Wahed FTSE USA Shariah ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 25th were issued a $0.019 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%.

Institutional Trading of Wahed FTSE USA Shariah ETF

A hedge fund recently bought a new position in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp bought a new stake in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the company’s stock, valued at approximately $93,000.

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.