Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Hits New 12-Month High – Still a Buy?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s share price hit 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 traded. The stock had previously closed at $62.98.

Wahed FTSE USA Shariah ETF Trading Up 0.2%

The stock has a market capitalization of $746.42 million, a PE ratio of 26.06 and a beta of 1.00. The stock’s fifty day simple moving average is $62.38 and its 200-day simple moving average is $59.53.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were given a $0.0772 dividend. 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.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC increased its holdings in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,695 shares of the company’s stock after acquiring an additional 605 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.30% of Wahed FTSE USA Shariah ETF worth $2,118,000 as of its most recent SEC filing.

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.