Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Share Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA)’s share price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred 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.

Wahed Dow Jones Islamic World ETF Trading Up 1.2%

The company has a market cap of $289.42 million, a price-to-earnings ratio of 23.30 and a beta of 1.05. The stock’s 50 day moving average price is $36.41 and its 200 day moving average price is $35.40.

Wahed Dow Jones Islamic World ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 24th were paid a $0.1510 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.0040. The ex-dividend date was Thursday, September 24th.

Hedge Funds Weigh In On Wahed Dow Jones Islamic World ETF

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC acquired a new stake in shares of Wahed Dow Jones Islamic World ETF during the third quarter worth $88,000. Valeo Financial Advisors LLC bought a new position in shares of Wahed Dow Jones Islamic World ETF in the 2nd quarter worth about $336,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Wahed Dow Jones Islamic World ETF by 17.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 30,547 shares of the company’s stock valued at $1,124,000 after buying an additional 4,452 shares during the period.

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.