Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sets New 12-Month High – What’s Next?

Shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) reached a new 52-week high on Monday . The stock traded as high as $53.10 and last traded at $53.10, with a volume of 10258 shares traded. The stock had previously closed at $52.60.

Wahed FTSE USA Shariah ETF Trading Up 0.6 %

The stock has a market cap of $560.85 million, a P/E ratio of 24.44 and a beta of 1.05. The firm has a 50-day simple moving average of $51.88 and a two-hundred day simple moving average of $50.78.

Wahed FTSE USA Shariah ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 26th were given a dividend of $0.17 per share. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, September 26th. This represents a $0.68 annualized dividend and a yield of 1.29%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC increased its stake in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 25.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,351 shares of the company’s stock after purchasing an additional 2,106 shares during the period. Valeo Financial Advisors LLC owned approximately 0.10% of Wahed FTSE USA Shariah ETF worth $542,000 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.