Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Strong Trading Volume – Time to Buy?

Shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw an uptick in trading volume on Wednesday . 51,830 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 62,907 shares.The stock last traded at $52.59 and had previously closed at $52.76.

Wahed FTSE USA Shariah ETF Price Performance

The stock has a market capitalization of $561.69 million, a P/E ratio of 24.44 and a beta of 1.05. The company has a 50 day simple moving average of $51.45 and a 200-day simple moving average of $50.46.

Wahed FTSE USA Shariah ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 26th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, September 26th.

Institutional Trading of Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC boosted its holdings in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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.

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.