Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Reaches New 12-Month High – What’s Next?

Wahed FTSE USA Shariah ETF (NASDAQ:HLALGet Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $70.29 and last traded at $70.16, with a volume of 98448 shares traded. The stock had previously closed at $69.95.

Wahed FTSE USA Shariah ETF Price Performance

The firm has a market capitalization of $860.86 million, a P/E ratio of 26.06 and a beta of 1.01. The company’s 50-day simple moving average is $62.87 and its two-hundred day simple moving average is $62.43.

Wahed FTSE USA Shariah ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 26th were given a $0.077 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.31 annualized dividend and a yield of 0.4%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Strategic Blueprint LLC acquired a new stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLALFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,242 shares of the company’s stock, valued at approximately $201,000.

About Wahed FTSE USA Shariah ETF

(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

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