Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Trading Down 1.1% – What’s Next?

Wahed FTSE USA Shariah ETF (NASDAQ:HLALGet Free Report)’s stock price was down 1.1% on Thursday . The stock traded as low as $70.80 and last traded at $71.08. 35,150 shares changed hands during trading, a decline of 46% from the average daily volume of 65,538 shares. The stock had previously closed at $71.90.

Wahed FTSE USA Shariah ETF Stock Performance

The business’s fifty day moving average is $71.04 and its 200-day moving average is $65.67. The firm has a market cap of $910.26 million, a P/E ratio of 26.06 and a beta of 1.02.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 25th were issued a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its position in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp lifted its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLALFree Report) by 13.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,700 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Murphy & Mullick Capital Management Corp’s holdings in Wahed FTSE USA Shariah ETF were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Wahed FTSE USA Shariah ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Wahed FTSE USA Shariah ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wahed FTSE USA Shariah ETF and related companies with MarketBeat.com's FREE daily email newsletter.