Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sets New 52-Week High – Should You Buy?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) hit a new 52-week high during trading on Monday . The stock traded as high as $55.02 and last traded at $54.99, with a volume of 78469 shares trading hands. The stock had previously closed at $54.44.

Wahed FTSE USA Shariah ETF Stock Performance

The company has a market capitalization of $564.03 million, a P/E ratio of 24.44 and a beta of 1.05. The stock’s fifty day moving average price is $52.67 and its 200-day moving average price is $51.39.

Wahed FTSE USA Shariah ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 26th were issued a $0.17 dividend. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. This represents a $0.68 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC boosted its position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,182 shares of the company’s stock after acquiring an additional 4,750 shares during the quarter. Farther Finance Advisors LLC owned 0.37% of Wahed FTSE USA Shariah ETF worth $2,050,000 at the end of the most recent reporting period.

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.