Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Shares Cross Above 200 Day Moving Average – Should You Sell?

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $35.37 and traded as high as $35.85. Wahed Dow Jones Islamic World ETF shares last traded at $35.65, with a volume of 55,137 shares changing hands.

Wahed Dow Jones Islamic World ETF Stock Performance

The firm has a market cap of $304.81 million, a P/E ratio of 23.30 and a beta of 1.05. The business’s 50-day simple moving average is $36.57 and its 200 day simple moving average is $35.37.

Wahed Dow Jones Islamic World ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 24th were paid a $0.1510 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.0040. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Trading of Wahed Dow Jones Islamic World ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Valeo Financial Advisors LLC lifted its holdings in shares of Wahed Dow Jones Islamic World ETF by 7.9% in the third quarter. Valeo Financial Advisors LLC now owns 9,175 shares of the company’s stock worth $338,000 after buying an additional 673 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of Wahed Dow Jones Islamic World ETF during the third quarter worth $88,000. Finally, Farther Finance Advisors LLC grew its stake in Wahed Dow Jones Islamic World ETF by 17.1% during the third quarter. Farther Finance Advisors LLC now owns 30,547 shares of the company’s stock valued at $1,124,000 after acquiring an additional 4,452 shares in the last quarter.

Wahed Dow Jones Islamic World ETF Company Profile

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. UMMA was launched on Jan 7, 2022 and is managed by Wahed.