Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Declares Quarterly Dividend of $0.00

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) declared a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.004 per share on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, June 25th.

Wahed Dow Jones Islamic World ETF Stock Performance

NASDAQ:UMMA traded up $0.87 during mid-day trading on Thursday, hitting $39.33. 36,908 shares of the stock were exchanged, compared to its average volume of 50,844. The firm’s 50-day simple moving average is $36.55 and its 200 day simple moving average is $33.21. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $25.45 and a fifty-two week high of $41.53. The stock has a market capitalization of $277.28 million, a price-to-earnings ratio of 23.30 and a beta of 1.04.

Hedge Funds Weigh In On Wahed Dow Jones Islamic World ETF

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC boosted its holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 44.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,162 shares of the company’s stock after purchasing an additional 7,475 shares during the quarter. Farther Finance Advisors LLC owned 0.38% of Wahed Dow Jones Islamic World ETF worth $715,000 at the end of the most recent reporting 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.