Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Stock Price Breaks Above 200 Day Moving Average – Time to Sell?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s share price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $68.79 and traded as high as $70.19. Wahed FTSE USA Shariah ETF shares last traded at $69.94, with a volume of 85,765 shares changing hands.

Wahed FTSE USA Shariah ETF Trading Up 1.8%

The company has a market capitalization of $944.76 million, a PE ratio of 24.80 and a beta of 1.03. The stock has a fifty day moving average of $73.45 and a two-hundred day moving average of $68.86.

Wahed FTSE USA Shariah ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 24th were given a dividend of $0.0960 per share. The ex-dividend date was Thursday, September 24th. This is an increase from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.0190. This represents a $0.38 dividend on an annualized basis and a yield of 0.5%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC lifted its holdings in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,683 shares of the company’s stock after purchasing an additional 1,074 shares during the period. Farther Finance Advisors LLC owned about 0.28% of Wahed FTSE USA Shariah ETF worth $2,744,000 as of its most recent filing with the SEC.

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.