How To Buy Wahed Dow Jones Islamic World ETF (UMMA) Stock
How To Buy UMMA
Wahed Dow Jones Islamic World ETF (UMMA) is an ETF listed on the NASDAQ exchange, which means you can buy the stock from most online brokers. Follow the steps below to learn how to purchase shares of UMMA.
Find a reliable broker.
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Fund your new account.
You'll need to transfer money into your new brokerage account before you can buy the stock. Transferring via a bank transfer is recommended and the most common way to fund an account. Some brokers might allow funding via a debit or credit card.
Search for UMMA.
When your funds are settled into your account, look for Wahed Dow Jones Islamic World ETF on your broker by searching for the company name: Wahed Dow Jones Islamic World ETF or the ticker symbol: UMMA.
Buy the stock.
Once that you've found Wahed Dow Jones Islamic World ETF on your broker, submit a purchase order to buy shares of the stock (currently $21.47 a share). Depending on when you purchase, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares depending on your broker.
Once your order gets fulfilled, you've purchased your first shares of Wahed Dow Jones Islamic World ETF.
Tips When Buying
When submitting your order, you may choose to buy shares of Wahed Dow Jones Islamic World ETF at the market price with a market order or at a set price using a limit order.
- Market order: Buys the stock immediately at its current price.
- Limit order: Buys the stock only once it reaches your target price.
By default all purchases are considered market orders unless specified otherwise. Limit orders are great for when you only want to buy shares of UMMA at a specific price.
Should You Buy UMMA Stock Now?
In the past week the price per share of Wahed Dow Jones Islamic World ETF has gone down ↓0.28 (-1.26%) and the daily volume has decreased slightly. You should buy UMMA now if you think the stock will recover soon, or wait until you think the stock is done dropping.
In the end, you should be comfortable with the risk of the investment and only buy shares of UMMA when you feel the time is right.