Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Hits New 12-Month High – Should You Buy?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $74.42 and last traded at $74.5210, with a volume of 9258 shares traded. The stock had previously closed at $73.68.

Wahed FTSE USA Shariah ETF Stock Up 1.4%

The stock has a market cap of $974.76 million, a P/E ratio of 26.06 and a beta of 1.03. The firm’s 50 day simple moving average is $71.99 and its two-hundred day simple moving average is $68.61.

Wahed FTSE USA Shariah ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 25th were issued a $0.019 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

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

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.