Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Stock Price Down 1.1% – Time to Sell?

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) shares traded down 1.1% during mid-day trading on Wednesday . The stock traded as low as $24.20 and last traded at $24.44. 73,990 shares changed hands during trading, an increase of 184% from the average session volume of 26,012 shares. The stock had previously closed at $24.72.

Wahed Dow Jones Islamic World ETF Stock Down 1.1 %

The firm has a 50 day simple moving average of $25.09 and a 200-day simple moving average of $24.78. The stock has a market cap of $109.98 million, a P/E ratio of 20.60 and a beta of 1.03.

Wahed Dow Jones Islamic World ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 26th were paid a $0.145 dividend. This is a positive change from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, September 26th. This represents a $0.58 annualized dividend and a yield of 2.37%.

Institutional Trading of Wahed Dow Jones Islamic World ETF

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC raised its holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,617 shares of the company’s stock after buying an additional 3,488 shares during the period. Farther Finance Advisors LLC owned about 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 at the end of the most recent quarter.

About Wahed Dow Jones Islamic World ETF

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.