Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Stock Price Down 0.7% – Here’s What Happened

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)’s share price traded down 0.7% during mid-day trading on Thursday . The stock traded as low as $53.15 and last traded at $53.15. 44,804 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 72,960 shares. The stock had previously closed at $53.51.

Wahed FTSE USA Shariah ETF Stock Performance

The business’s 50-day moving average is $53.30 and its 200-day moving average is $51.85. The company has a market capitalization of $580.93 million, a PE ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 24th were paid a dividend of $0.0829 per share. The ex-dividend date of this dividend was Tuesday, December 24th.

Institutional Trading of Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC raised its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 25.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,351 shares of the company’s stock after buying an additional 2,106 shares during the quarter. Valeo Financial Advisors LLC owned about 0.10% of Wahed FTSE USA Shariah ETF worth $542,000 at the end of the most recent quarter.

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.