Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Stock Falls 0.3% – What’s Next?

Shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) dropped 0.3% on Friday. The company traded as low as $72.39 and last traded at $72.51. 44,965 shares traded hands during trading, a decline of 27% from the average session volume of 61,742 shares. The stock had previously closed at $72.71.

Wahed FTSE USA Shariah ETF Stock Down 0.3%

The stock has a market capitalization of $955.68 million, a P/E ratio of 26.06 and a beta of 1.02. The firm has a fifty day moving average price of $73.80 and a two-hundred day moving average price of $71.08.

Wahed FTSE USA Shariah ETF Increases Dividend

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

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC raised its position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 3.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,683 shares of the company’s stock after acquiring an additional 1,074 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.28% of Wahed FTSE USA Shariah ETF worth $2,744,000 at the end of the most recent quarter.

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.