Farther Finance Advisors LLC Raises Stock Holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA)

Farther Finance Advisors LLC lifted its holdings in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 25.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,103 shares of the company’s stock after purchasing an additional 2,861 shares during the quarter. Farther Finance Advisors LLC owned 0.28% of Wahed Dow Jones Islamic World ETF worth $337,000 at the end of the most recent quarter.

Wahed Dow Jones Islamic World ETF Trading Down 1.6%

Shares of NASDAQ UMMA opened at $25.80 on Wednesday. Wahed Dow Jones Islamic World ETF has a 12 month low of $20.85 and a 12 month high of $26.86. The firm has a market capitalization of $129 million, a price-to-earnings ratio of 23.33 and a beta of 1.03. The business has a 50-day moving average of $24.84 and a 200-day moving average of $24.59.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Wednesday, March 26th.

Wahed Dow Jones Islamic World ETF 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.