Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sets New 52-Week High – Here’s Why

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $72.32 and last traded at $72.12, with a volume of 40660 shares. The stock had previously closed at $72.09.

Wahed FTSE USA Shariah ETF Price Performance

The business has a 50-day moving average of $64.98 and a two-hundred day moving average of $63.22. The company has a market cap of $884.91 million, a P/E ratio of 26.06 and a beta of 1.01.

Wahed FTSE USA Shariah ETF Cuts Dividend

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

Hedge Funds 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 increased its holdings in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,700 shares of the company’s stock after buying an additional 200 shares during the period. Murphy & Mullick Capital Management Corp’s holdings in Wahed FTSE USA Shariah ETF were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (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.