Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Stock Price Down 0.6% – Here’s What Happened

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMAGet Free Report)’s stock price dropped 0.6% on Monday . The company traded as low as $26.44 and last traded at $26.46. Approximately 32,888 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 36,155 shares. The stock had previously closed at $26.63.

Wahed Dow Jones Islamic World ETF Stock Performance

The business’s 50 day moving average price is $26.37 and its two-hundred day moving average price is $25.27. The company has a market capitalization of $153.47 million, a price-to-earnings ratio of 23.30 and a beta of 1.03.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Wednesday, June 25th were issued a $0.0083 dividend. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, June 25th.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC increased its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMAFree Report) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,070 shares of the company’s stock after acquiring an additional 967 shares during the quarter. Farther Finance Advisors LLC owned 0.29% of Wahed Dow Jones Islamic World ETF worth $401,000 as of its most recent SEC filing.

Wahed Dow Jones Islamic World ETF Company Profile

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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.

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