Wahed FTSE USA Shariah ETF
HLAL
4 hedge funds and large institutions have $372K invested in Wahed FTSE USA Shariah ETF in 2020 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
6.15% less ownership
Funds ownership: 7.68% → 1.53% (-6.2%)
33% less funds holding
Funds holding: 6 → 4 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
79% less capital invested
Capital invested by funds: $1.77M → $372K (-$1.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$11.4K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.58K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$26 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Azzad Asset Management
Falls Church,
Virginia
|
-$882K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$204K |
| 3 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
-$191K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$20.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
1
Tower Research Capital (TRC)
New York
| $339K | +$11.4K | +441 | +3% |
|
|
2
Royal Bank of Canada
Toronto,
Ontario, Canada
| $30K | +$2.58K | +100 | +8% |
|
|
3
UBS Group
Zurich,
Switzerland
| $3K | -$20.8K | -808 | -85% |
|
|
AAM
4
Azzad Asset Management
Falls Church,
Virginia
| – | -$882K | -32,941 | Closed |
|
|
CFGS
5
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$191K | -7,410 | Closed |
|
|
6
Envestnet Asset Management
Chicago,
Illinois
| – | -$204K | -7,410 | Closed |
|
|
7
Wells Fargo
San Francisco,
California
| – | +$26 | +1 | New |
|
HLAL Hedge Fund Activity: Q1 2020 in Review
4 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Wahed FTSE USA Shariah ETF (HLAL) for Q1 2020, worth a combined $372K — down 79% from $1.77M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of HLAL and 1 opened new positions — a net loss of 2 holders — while 1 trimmed existing stakes and 2 added.
The largest buyer was Tower Research Capital (TRC), adding an estimated $11.4K. The largest seller was Azzad Asset Management, exiting entirely with an estimated $882K sold.
- 4 institutional investors held Wahed FTSE USA Shariah ETF (HLAL) as of Q1 2020, down from 6 in Q4 2019.
- Funds reported $372K of Wahed FTSE USA Shariah ETF stock for Q1 2020, down 79% quarter-over-quarter.
- 1 fund opened new Wahed FTSE USA Shariah ETF positions in Q1 2020 and 3 closed out, a net change of -2 holders.
- The largest Wahed FTSE USA Shariah ETF buyer in Q1 2020 was Tower Research Capital (TRC), an estimated $11.4K added.
- The largest Wahed FTSE USA Shariah ETF seller in Q1 2020 was Azzad Asset Management, an estimated $882K sold.
Based on aggregated 13F filings for Q1 2020.