Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.83 and traded as high as $25.04. Wahed Dow Jones Islamic World ETF shares last traded at $24.91, with a volume of 18,606 shares traded.

Wahed Dow Jones Islamic World ETF Stock Performance

The stock has a market capitalization of $112.10 million, a P/E ratio of 20.60 and a beta of 1.03. The business has a fifty day simple moving average of $24.82 and a 200-day simple moving average of $24.83.

Wahed Dow Jones Islamic World ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC grew its holdings in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,617 shares of the company’s stock after buying an additional 3,488 shares during the period. Farther Finance Advisors LLC owned approximately 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 as of its most recent filing with the SEC.

About Wahed Dow Jones Islamic World ETF

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.