Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Large Volume Increase – Still a Buy?

Wahed FTSE USA Shariah ETF (NASDAQ:HLALGet Free Report) saw strong trading volume on Friday . 61,839 shares traded hands during trading, a decline of 6% from the previous session’s volume of 66,021 shares.The stock last traded at $69.97 and had previously closed at $70.77.

Wahed FTSE USA Shariah ETF Price Performance

The company has a market cap of $861.23 million, a PE ratio of 26.06 and a beta of 1.01. The business has a 50-day moving average of $63.32 and a 200 day moving average of $62.63.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 26th were given a $0.077 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.31 dividend on an annualized basis and a yield of 0.4%.

Institutional Trading of Wahed FTSE USA Shariah ETF

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Strategic Blueprint LLC purchased a new position in Wahed FTSE USA Shariah ETF (NASDAQ:HLALFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,242 shares of the company’s stock, valued at approximately $201,000.

About Wahed FTSE USA Shariah ETF

(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.

Further Reading

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