Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Strong Trading Volume – Should You Buy?

Posted by Jon Anderson on Dec 26th, 2024

Shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Get Free Report) saw strong trading volume on Thursday . 44,915 shares changed hands during trading, a decline of 28% from the previous session’s volume of 62,543 shares.The stock last traded at $54.13 and had previously closed at $54.32.

Wahed FTSE USA Shariah ETF Stock Down 0.1 %

The business has a fifty day moving average of $52.89 and a 200 day moving average of $51.57. The firm has a market cap of $575.16 million, a P/E ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 24th will be issued a dividend of $0.0829 per share. The ex-dividend date of this dividend is Tuesday, December 24th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC lifted its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Free Report) by 25.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,351 shares of the company’s stock after buying an additional 2,106 shares during the quarter. Valeo Financial Advisors LLC owned about 0.10% of Wahed FTSE USA Shariah ETF worth $542,000 as of its most recent SEC filing.

About Wahed FTSE USA Shariah ETF

(Get Free Report)

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.