Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Stock Price Down 1.9% – Time to Sell?

Shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) dropped 1.9% on Friday . The stock traded as low as $28.86 and last traded at $28.86. Approximately 15,004 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 35,266 shares. The stock had previously closed at $29.43.

Wahed Dow Jones Islamic World ETF Stock Down 1.9%

The stock has a fifty day moving average price of $28.55 and a 200-day moving average price of $27.25. The firm has a market cap of $170.27 million, a price-to-earnings ratio of 23.30 and a beta of 0.98.

Wahed Dow Jones Islamic World ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 24th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.92 annualized dividend and a yield of 3.2%. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01.

Institutional Investors 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 lifted its stake in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,687 shares of the company’s stock after purchasing an additional 1,617 shares during the quarter. Farther Finance Advisors LLC owned about 0.29% of Wahed Dow Jones Islamic World ETF worth $460,000 at the end of the most recent quarter.

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.