Valeo Financial Advisors LLC Sells 649 Shares of Wahed FTSE USA Shariah ETF $HLAL

Valeo Financial Advisors LLC cut its holdings in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,414 shares of the company’s stock after selling 649 shares during the period. Valeo Financial Advisors LLC owned approximately 0.10% of Wahed FTSE USA Shariah ETF worth $611,000 at the end of the most recent reporting period.

Wahed FTSE USA Shariah ETF Trading Up 0.7%

Shares of NASDAQ:HLAL opened at $60.18 on Thursday. The stock has a market capitalization of $701.10 million, a PE ratio of 26.06 and a beta of 1.05. Wahed FTSE USA Shariah ETF has a 1 year low of $42.10 and a 1 year high of $60.45. The firm has a fifty day moving average price of $57.37 and a 200 day moving average price of $52.98.

Wahed FTSE USA Shariah ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 24th were issued a $0.15 dividend. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, September 24th.

Wahed FTSE USA Shariah ETF 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.