Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $35.37 and traded as high as $35.85. Wahed Dow Jones Islamic World ETF shares last traded at $35.65, with a volume of 55,137 shares traded.

Wahed Dow Jones Islamic World ETF Trading Up 0.9%

The stock has a 50 day simple moving average of $36.57 and a 200-day simple moving average of $35.37. The firm has a market cap of $304.81 million, a P/E ratio of 23.30 and a beta of 1.05.

Wahed Dow Jones Islamic World ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 24th were given a $0.1510 dividend. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.0040. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, September 24th.

Institutional Trading of Wahed Dow Jones Islamic World ETF

Several institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in Wahed Dow Jones Islamic World ETF by 17.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 30,547 shares of the company’s stock valued at $1,124,000 after acquiring an additional 4,452 shares during the period. Valeo Financial Advisors LLC grew its position in Wahed Dow Jones Islamic World ETF by 7.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 9,175 shares of the company’s stock valued at $338,000 after acquiring an additional 673 shares during the last quarter. Finally, Parallel Advisors LLC bought a new position in Wahed Dow Jones Islamic World ETF in the 3rd quarter valued at $88,000.

Wahed Dow Jones Islamic World ETF Company Profile

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.