Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sets New 1-Year High – Here’s Why

Wahed FTSE USA Shariah ETF (NASDAQ:HLALGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $74.11 and last traded at $74.11, with a volume of 192 shares. The stock had previously closed at $72.38.

Wahed FTSE USA Shariah ETF Stock Performance

The company has a market cap of $948.87 million, a P/E ratio of 26.06 and a beta of 1.03. The company has a fifty day moving average price of $71.13 and a two-hundred day moving average price of $67.04.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 25th were given a dividend of $0.019 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.08 annualized dividend and a yield of 0.1%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp purchased a new position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLALFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,500 shares of the company’s stock, valued at approximately $93,000.

Wahed FTSE USA Shariah ETF Company Profile

(Get Free Report)

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.

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