Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Hits New 52-Week High – Time to Buy?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.02 and last traded at $54.99, with a volume of 78469 shares changing hands. The stock had previously closed at $54.44.

Wahed FTSE USA Shariah ETF Price Performance

The business has a 50-day simple moving average of $52.53 and a 200 day simple moving average of $51.30. The firm has a market cap of $582.79 million, a PE ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 26th were paid a dividend of $0.17 per share. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.24%.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC lifted its stake in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,182 shares of the company’s stock after buying an additional 4,750 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.37% of Wahed FTSE USA Shariah ETF worth $2,050,000 at the end of the most recent reporting period.

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.