Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Trading 0.6% Higher – Should You Buy?

Shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) shot up 0.6% during trading on Friday . The stock traded as high as $25.14 and last traded at $25.06. 22,717 shares were traded during mid-day trading, a decline of 15% from the average session volume of 26,661 shares. The stock had previously closed at $24.92.

Wahed Dow Jones Islamic World ETF Stock Performance

The stock has a market capitalization of $124.05 million, a P/E ratio of 26.65 and a beta of 1.03. The business has a fifty day simple moving average of $24.75 and a 200-day simple moving average of $24.78.

Wahed Dow Jones Islamic World ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 24th were given a dividend of $0.0043 per share. The ex-dividend date was Tuesday, December 24th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC lifted its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,242 shares of the company’s stock after buying an additional 625 shares during the period. Farther Finance Advisors LLC owned about 0.23% of Wahed Dow Jones Islamic World ETF worth $266,000 as of its most recent SEC filing.

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.