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

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) shares hit a new 52-week high on Friday . The company traded as high as $63.05 and last traded at $63.0590, with a volume of 24465 shares trading hands. The stock had previously closed at $62.55.

Wahed FTSE USA Shariah ETF Price Performance

The company has a market cap of $726.11 million, a PE ratio of 26.06 and a beta of 1.00. The business has a 50-day moving average of $61.76 and a 200 day moving average of $58.58.

Wahed FTSE USA Shariah ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.0772 per share. This represents a $0.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC boosted its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,695 shares of the company’s stock after purchasing an additional 605 shares during the period. Farther Finance Advisors LLC owned about 0.30% of Wahed FTSE USA Shariah ETF worth $2,118,000 at the end of the most recent quarter.

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.