Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sets New 1-Year High – Time to Buy?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) shares reached a new 52-week high on Friday. The company traded as high as $75.80 and last traded at $75.8840, with a volume of 5507 shares. The stock had previously closed at $74.93.

Wahed FTSE USA Shariah ETF Stock Up 0.9%

The firm has a market capitalization of $986.84 million, a PE ratio of 26.06 and a beta of 1.03. The business has a 50-day moving average price of $72.72 and a 200-day moving average price of $69.46.

Wahed FTSE USA Shariah ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 24th were issued a $0.0960 dividend. This represents a $0.38 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, September 24th. This is an increase from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.0190.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its stake in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp boosted its holdings in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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.

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.