Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Hits New 52-Week High – What’s Next?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) reached a new 52-week high on Friday. The company traded as high as $75.80 and last traded at $75.8840, with a volume of 5507 shares. The stock had previously closed at $74.93.

Wahed FTSE USA Shariah ETF Stock Performance

The business has a 50-day moving average of $72.72 and a 200-day moving average of $69.46. The stock has a market capitalization of $986.84 million, a price-to-earnings ratio of 26.06 and a beta of 1.03.

Wahed FTSE USA Shariah ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.0960 per share. This represents a $0.38 annualized dividend and a yield of 0.5%. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.0190. The ex-dividend date of this dividend was Thursday, September 24th.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its stake in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp increased its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,700 shares of the company’s stock after purchasing an additional 200 shares during the period. Murphy & Mullick Capital Management Corp’s holdings in Wahed FTSE USA Shariah ETF were worth $101,000 at the end of the most recent reporting period.

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.