Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Reaches New 1-Year High – Still a Buy?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s share price hit a new 52-week high on Friday . The company traded as high as $71.21 and last traded at $71.06, with a volume of 7756 shares changing hands. The stock had previously closed at $70.54.

Wahed FTSE USA Shariah ETF Stock Up 0.8%

The firm has a market cap of $872.52 million, a price-to-earnings ratio of 26.06 and a beta of 1.01. The business’s fifty day moving average is $64.33 and its two-hundred day moving average is $62.98.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 26th were issued a $0.077 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.31 dividend on an annualized basis and a dividend 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 bought a new position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,242 shares of the company’s stock, valued at approximately $201,000.

About Wahed FTSE USA Shariah ETF

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.