Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Hits New 12-Month High – Should You Buy?

by · The Cerbat Gem

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $74.42 and last traded at $74.5210, with a volume of 9258 shares changing hands. The stock had previously closed at $73.68.

Wahed FTSE USA Shariah ETF Price Performance

The firm has a market cap of $974.76 million, a P/E ratio of 26.06 and a beta of 1.03. The firm’s 50-day moving average price is $71.99 and its 200 day moving average price is $68.61.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.019 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.08 annualized dividend and a yield of 0.1%.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its position in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp lifted its position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Free Report) by 13.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,700 shares of the company’s stock after acquiring an additional 200 shares during the period. Murphy & Mullick Capital Management Corp’s holdings in Wahed FTSE USA Shariah ETF were worth $101,000 at the end of the most recent reporting period.

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.

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