Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Reaches New 52-Week High – Should You Buy?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s stock price hit a new 52-week high on Monday . The company traded as high as $54.27 and last traded at $54.25, with a volume of 6251 shares traded. The stock had previously closed at $54.18.

Wahed FTSE USA Shariah ETF Price Performance

The stock has a market cap of $575.79 million, a PE ratio of 24.44 and a beta of 1.05. The firm’s 50 day moving average price is $52.35 and its two-hundred day moving average price is $51.18.

Wahed FTSE USA Shariah ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 26th were paid a $0.17 dividend. This is a positive change from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. This represents a $0.68 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC increased its holdings in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 18.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,432 shares of the company’s stock after purchasing an additional 5,404 shares during the quarter. Farther Finance Advisors LLC owned 0.35% of Wahed FTSE USA Shariah ETF worth $1,754,000 as of its most recent filing with the Securities & Exchange Commission.

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.