Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Shares Down 0.2% – What’s Next?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s share price dropped 0.2% during mid-day trading on Wednesday . The stock traded as low as $72.75 and last traded at $72.86. 36,084 shares changed hands during trading, a decline of 43% from the average session volume of 63,828 shares. The stock had previously closed at $73.00.

Wahed FTSE USA Shariah ETF Stock Up 0.9%

The company’s fifty day simple moving average is $71.77 and its two-hundred day simple moving average is $68.19. The company has a market capitalization of $953.30 million, a price-to-earnings ratio of 26.06 and a beta of 1.03.

Wahed FTSE USA Shariah ETF Cuts Dividend

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

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its stake in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp raised its position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,700 shares of the company’s stock after acquiring 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 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.