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

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) shares hit a new 52-week high during trading on Monday . The company traded as high as $53.48 and last traded at $53.48, with a volume of 9972 shares changing hands. The stock had previously closed at $53.25.

Wahed FTSE USA Shariah ETF Trading Up 0.7 %

The firm has a market cap of $568.37 million, a price-to-earnings ratio of 24.44 and a beta of 1.05. The stock’s 50 day moving average is $52.05 and its 200 day moving average is $50.94.

Wahed FTSE USA Shariah ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 26th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Thursday, September 26th. This is a positive change from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02.

Institutional Inflows and Outflows

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