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

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $63.40 and last traded at $63.4570, with a volume of 15109 shares. The stock had previously closed at $62.98.

Wahed FTSE USA Shariah ETF Price Performance

The stock has a market capitalization of $739.43 million, a P/E ratio of 26.06 and a beta of 1.00. The company’s 50 day simple moving average is $62.15 and its two-hundred day simple moving average is $59.37.

Wahed FTSE USA Shariah ETF Cuts Dividend

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC lifted its holdings in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,695 shares of the company’s stock after buying an additional 605 shares during the quarter. 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.