Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Stock Price Down 1.1% – Should You Sell?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s stock price dropped 1.1% during trading on Thursday . The company traded as low as $70.80 and last traded at $71.08. 35,150 shares were traded during trading, a decline of 46% from the average daily volume of 65,538 shares. The stock had previously closed at $71.90.

Wahed FTSE USA Shariah ETF Trading Down 1.1%

The company has a market cap of $920.49 million, a price-to-earnings ratio of 26.06 and a beta of 1.02. The firm has a 50-day moving average price of $71.03 and a 200 day moving average price of $65.63.

Wahed FTSE USA Shariah ETF Cuts Dividend

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

Institutional Trading of Wahed FTSE USA Shariah ETF

An institutional investor recently bought a new position in Wahed FTSE USA Shariah ETF stock. Strategic Blueprint LLC bought a new position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,242 shares of the company’s stock, valued at approximately $201,000.

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.