Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Shares Up 1.4% – Still a Buy?

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was up 1.4% during mid-day trading on Thursday . The stock traded as high as $36.83 and last traded at $36.62. Approximately 34,269 shares were traded during trading, a decline of 31% from the average daily volume of 49,725 shares. The stock had previously closed at $36.12.

Wahed Dow Jones Islamic World ETF Trading Up 1.4%

The stock has a market cap of $292.92 million, a P/E ratio of 23.30 and a beta of 1.04. The business’s fifty day simple moving average is $36.85 and its 200 day simple moving average is $35.69.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 25th were given a dividend of $0.004 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of Wahed Dow Jones Islamic World ETF

An institutional investor recently bought a new position in Wahed Dow Jones Islamic World ETF stock. Valeo Financial Advisors LLC acquired a new position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,502 shares of the company’s stock, valued at approximately $336,000. Valeo Financial Advisors LLC owned about 0.11% of Wahed Dow Jones Islamic World ETF at the end of the most recent reporting period.

About Wahed Dow Jones Islamic World ETF

The Wahed Dow Jones Islamic World ETF (UMMA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of global ex-US securities that are determined to be Shariah-compliant based on business activities and accounting criteria. Holdings are also screened to assess ESG risks. UMMA was launched on Jan 7, 2022 and is managed by Wahed.