Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Hits New 52-Week High – What’s Next?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $71.21 and last traded at $71.06, with a volume of 7756 shares trading hands. The stock had previously closed at $70.54.

Wahed FTSE USA Shariah ETF Stock Up 1.0%

The stock’s 50 day moving average price is $64.14 and its 200-day moving average price is $62.92. The stock has a market capitalization of $874.36 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 given a dividend of $0.077 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.31 dividend on an annualized basis and a yield of 0.4%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp purchased a new position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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.