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

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s stock price hit a new 52-week high on Friday . The company traded as high as $63.05 and last traded at $63.0590, with a volume of 24465 shares changing hands. The stock had previously closed at $62.55.

Wahed FTSE USA Shariah ETF Price Performance

The stock’s fifty day simple moving average is $61.79 and its 200-day simple moving average is $58.70. The stock has a market cap of $726.11 million, a P/E ratio of 26.06 and a beta of 1.00.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.0772 per share. The ex-dividend date was Wednesday, December 24th. This represents a $0.31 dividend on an annualized basis and a yield of 0.5%.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC grew its position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,695 shares of the company’s stock after acquiring an additional 605 shares during the quarter. Farther Finance Advisors LLC owned about 0.30% of Wahed FTSE USA Shariah ETF worth $2,118,000 as of its most recent filing with the 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.