Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Reaches New 12-Month High – Still a Buy?

Shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLALGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $74.42 and last traded at $74.5210, with a volume of 9258 shares trading hands. The stock had previously closed at $73.68.

Wahed FTSE USA Shariah ETF Price Performance

The stock has a market cap of $985.67 million, a price-to-earnings ratio of 26.06 and a beta of 1.03. The company’s fifty day simple moving average is $72.15 and its two-hundred day simple moving average is $68.80.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLALFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,500 shares of the company’s stock, valued at approximately $93,000.

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.

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