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

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw unusually-high trading volume on Wednesday . Approximately 51,830 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 62,907 shares.The stock last traded at $52.59 and had previously closed at $52.76.

Wahed FTSE USA Shariah ETF Trading Up 0.4 %

The business has a fifty day moving average price of $51.45 and a 200-day moving average price of $50.46. The stock has a market capitalization of $561.69 million, a PE ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were issued a $0.17 dividend. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, September 26th.

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 boosted its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 15.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,245 shares of the company’s stock after acquiring an additional 1,079 shares during the quarter. Valeo Financial Advisors LLC owned 0.09% of Wahed FTSE USA Shariah ETF worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.