Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Trading Up 1.4% – Still a Buy?

Shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) rose 1.4% on Thursday . The company traded as high as $36.83 and last traded at $36.62. Approximately 34,269 shares were traded during trading, a decline of 31% from the average session volume of 49,725 shares. The stock had previously closed at $36.12.

Wahed Dow Jones Islamic World ETF Price Performance

The firm has a market cap of $292.92 million, a price-to-earnings ratio of 23.30 and a beta of 1.04. The firm has a 50 day moving average price of $36.85 and a 200-day moving average price of $35.69.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.004 per share. This represents a $0.02 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Wahed Dow Jones Islamic World ETF stock. Valeo Financial Advisors LLC bought a new stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,502 shares of the company’s stock, valued at approximately $336,000. Valeo Financial Advisors LLC owned about 0.11% of Wahed Dow Jones Islamic World ETF at the end of the most recent quarter.

Wahed Dow Jones Islamic World ETF Company Profile

The Wahed Dow Jones Islamic World ETF (UMMA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of global ex-US securities that are determined to be Shariah-compliant based on business activities and accounting criteria. Holdings are also screened to assess ESG risks. UMMA was launched on Jan 7, 2022 and is managed by Wahed.