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

Shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $74.11 and last traded at $74.11, with a volume of 192 shares trading hands. The stock had previously closed at $72.38.

Wahed FTSE USA Shariah ETF Stock Performance

The firm has a market cap of $940.51 million, a P/E ratio of 26.06 and a beta of 1.03. The stock has a fifty day simple moving average of $71.23 and a 200 day simple moving average of $67.16.

Wahed FTSE USA Shariah ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 25th were given a dividend of $0.019 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position 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% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,700 shares of the company’s stock after buying an additional 200 shares during the quarter. Murphy & Mullick Capital Management Corp’s holdings in Wahed FTSE USA Shariah ETF were worth $101,000 at the end of the most recent quarter.

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.