Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Trading Down 1.8% – Should You Sell?

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) shares were down 1.8% during mid-day trading on Thursday . The stock traded as low as $27.34 and last traded at $27.33. Approximately 60,554 shares were traded during mid-day trading, an increase of 68% from the average daily volume of 36,033 shares. The stock had previously closed at $27.84.

Wahed Dow Jones Islamic World ETF Stock Up 0.9%

The firm has a market capitalization of $162.72 million, a price-to-earnings ratio of 23.30 and a beta of 0.98. The stock has a 50-day moving average price of $28.22 and a 200 day moving average price of $26.87.

Wahed Dow Jones Islamic World ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.23 per share. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, September 24th. This represents a $0.92 annualized dividend and a yield of 3.3%.

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 lifted its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,687 shares of the company’s stock after purchasing an additional 1,617 shares during the period. Farther Finance Advisors LLC owned about 0.29% of Wahed Dow Jones Islamic World ETF worth $460,000 at the end of the most recent reporting period.

About Wahed Dow Jones Islamic World ETF

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.