Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Stock Price Down 0.7% – What’s Next?

Shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) dropped 0.7% during mid-day trading on Thursday . The stock traded as low as $53.15 and last traded at $53.15. Approximately 44,804 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 72,960 shares. The stock had previously closed at $53.51.

Wahed FTSE USA Shariah ETF Trading Up 1.0 %

The firm has a market capitalization of $586.83 million, a PE ratio of 24.44 and a beta of 1.05. The firm has a 50 day simple moving average of $53.32 and a 200 day simple moving average of $51.87.

Wahed FTSE USA Shariah ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were given a dividend of $0.0829 per share. The ex-dividend date was Tuesday, December 24th.

Institutional Trading of Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC boosted its stake in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 25.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,351 shares of the company’s stock after purchasing an additional 2,106 shares during the period. Valeo Financial Advisors LLC owned approximately 0.10% of Wahed FTSE USA Shariah ETF worth $542,000 at the end of the most recent quarter.

Wahed FTSE USA Shariah ETF Company Profile

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.