Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Shares Down 1.1% – What’s Next?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) traded down 1.1% on Thursday . The stock traded as low as $70.80 and last traded at $71.08. 35,150 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 65,538 shares. The stock had previously closed at $71.90.

Wahed FTSE USA Shariah ETF Stock Down 1.1%

The firm has a market cap of $920.49 million, a price-to-earnings ratio of 26.06 and a beta of 1.02. The business has a 50 day moving average price of $71.03 and a 200-day moving average price of $65.63.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 25th were given a $0.019 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.08 annualized dividend and a yield of 0.1%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp bought a new stake in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,500 shares of the company’s stock, valued at approximately $93,000.

About Wahed FTSE USA Shariah ETF

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.