Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA – Get Free Report)’s share price shot up 1.4% during mid-day trading on Thursday . The company traded as high as $36.83 and last traded at $36.62. 34,269 shares changed hands during trading, a decline of 31% from the average session volume of 49,725 shares. The stock had previously closed at $36.12.
Wahed Dow Jones Islamic World ETF Stock Performance
The stock has a market cap of $285.64 million, a PE ratio of 23.30 and a beta of 1.04. The stock has a fifty day moving average price of $36.82 and a 200 day moving average price of $35.70.
Wahed Dow Jones Islamic World ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.004 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.0%.
Institutional Inflows and Outflows
Wahed Dow Jones Islamic World ETF Company 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. UMMA was launched on Jan 7, 2022 and is managed by Wahed.
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