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

Wahed FTSE USA Shariah ETF (NASDAQ:HLALGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $72.32 and last traded at $72.12, with a volume of 40660 shares. The stock had previously closed at $72.09.

Wahed FTSE USA Shariah ETF Trading Up 0.0%

The company has a market capitalization of $884.91 million, a PE ratio of 26.06 and a beta of 1.01. The company has a fifty day simple moving average of $64.98 and a 200-day simple moving average of $63.22.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 26th were given a $0.077 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.31 dividend on an annualized basis and a yield of 0.4%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Strategic Blueprint LLC acquired a new position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLALFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,242 shares of the company’s stock, valued at approximately $201,000.

Wahed FTSE USA Shariah ETF Company Profile

(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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