Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Reaches New 12-Month High – What’s Next?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $53.48 and last traded at $53.48, with a volume of 9972 shares. The stock had previously closed at $53.25.

Wahed FTSE USA Shariah ETF Stock Performance

The firm’s 50-day simple moving average is $52.05 and its 200 day simple moving average is $50.94. The stock has a market capitalization of $568.37 million, a P/E ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC boosted its stake in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 15.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,245 shares of the company’s stock after buying an additional 1,079 shares during the period. Valeo Financial Advisors LLC owned approximately 0.09% of Wahed FTSE USA Shariah ETF worth $417,000 as of its most recent filing with the SEC.

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.