Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Trading Up 1.3% – What’s Next?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s share price rose 1.3% during mid-day trading on Friday . The stock traded as high as $60.25 and last traded at $59.74. Approximately 98,492 shares traded hands during trading, an increase of 22% from the average daily volume of 80,740 shares. The stock had previously closed at $58.99.

Wahed FTSE USA Shariah ETF Price Performance

The firm’s 50-day moving average price is $60.06 and its 200-day moving average price is $55.97. The stock has a market cap of $709.71 million, a P/E ratio of 26.06 and a beta of 1.00.

Wahed FTSE USA Shariah ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 24th were issued a $0.15 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. This is an increase from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC lifted its position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,695 shares of the company’s stock after purchasing an additional 605 shares during the quarter. Farther Finance Advisors LLC owned about 0.30% of Wahed FTSE USA Shariah ETF worth $2,118,000 at the end of the most recent reporting period.

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.