Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Strong Trading Volume – What’s Next?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw unusually-high trading volume on Monday . Approximately 101,599 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 76,869 shares.The stock last traded at $63.4150 and had previously closed at $63.23.

Wahed FTSE USA Shariah ETF Stock Performance

The stock has a fifty day moving average price of $62.75 and a 200-day moving average price of $60.15. The firm has a market cap of $745.66 million, a PE ratio of 26.06 and a beta of 1.00.

Wahed FTSE USA Shariah ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a $0.0772 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.31 annualized dividend and a dividend yield of 0.5%.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

Several hedge funds and other institutional investors have recently made changes to their positions in HLAL. Murphy & Mullick Capital Management Corp purchased a new stake in Wahed FTSE USA Shariah ETF during the 4th quarter worth $93,000. Strategic Blueprint LLC purchased a new stake in shares of Wahed FTSE USA Shariah ETF in the fourth quarter worth about $201,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Wahed FTSE USA Shariah ETF by 1.7% in the third quarter. Farther Finance Advisors LLC now owns 35,695 shares of the company’s stock valued at $2,118,000 after buying an additional 605 shares in the last 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.