Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Trading Up 1.4% – Here’s What Happened

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMAGet 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

An institutional investor recently bought a new stake in Wahed Dow Jones Islamic World ETF stock. Valeo Financial Advisors LLC bought a new position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMAFree Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,502 shares of the company’s stock, valued at approximately $336,000. Valeo Financial Advisors LLC owned 0.11% of Wahed Dow Jones Islamic World ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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. UMMA was launched on Jan 7, 2022 and is managed by Wahed.

Further Reading

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