Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Trading Down 0.7% – Should You Sell?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) shares traded down 0.7% during mid-day trading on Thursday . The company traded as low as $53.15 and last traded at $53.15. 44,804 shares were traded during mid-day trading, a decline of 39% from the average session volume of 72,960 shares. The stock had previously closed at $53.51.

Wahed FTSE USA Shariah ETF Price Performance

The firm’s 50-day moving average is $53.32 and its 200-day moving average is $51.87. The company has a market capitalization of $586.83 million, a P/E ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 24th were given a $0.0829 dividend. The ex-dividend date of this dividend was Tuesday, December 24th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC raised its position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 25.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,351 shares of the company’s stock after purchasing an additional 2,106 shares during the quarter. Valeo Financial Advisors LLC owned 0.10% of Wahed FTSE USA Shariah ETF worth $542,000 as of its most recent SEC filing.

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.