Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Hits New 1-Year High – Here’s Why

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) shares reached a new 52-week high on Tuesday . The stock traded as high as $70.29 and last traded at $70.16, with a volume of 98448 shares traded. The stock had previously closed at $69.95.

Wahed FTSE USA Shariah ETF Trading Up 1.1%

The company has a fifty day moving average of $63.15 and a two-hundred day moving average of $62.57. The stock has a market capitalization of $864.18 million, a price-to-earnings ratio of 26.06 and a beta of 1.01.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 26th were issued a $0.077 dividend. This represents a $0.31 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp bought a new position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,500 shares of the company’s stock, valued at approximately $93,000.

About Wahed FTSE USA Shariah ETF

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.