Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.83 and traded as high as $25.04. Wahed Dow Jones Islamic World ETF shares last traded at $24.91, with a volume of 18,606 shares.

Wahed Dow Jones Islamic World ETF Price Performance

The firm has a market cap of $112.64 million, a price-to-earnings ratio of 20.60 and a beta of 1.03. The business has a fifty day simple moving average of $24.81 and a 200 day simple moving average of $24.83.

Wahed Dow Jones Islamic World ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.145 per share. This is a positive change from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, September 26th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.32%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC lifted its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,617 shares of the company’s stock after purchasing an additional 3,488 shares during the quarter. Farther Finance Advisors LLC owned about 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 at the end of the most recent reporting period.

About Wahed Dow Jones Islamic World ETF

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.