Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Large Volume Increase – Here’s What Happened

by · The Markets Daily

Inspire Corporate Bond ETF (NYSEARCA:IBD – Get Free Report) shares saw an uptick in trading volume on Monday. Approximately 542,370 shares were traded during mid-day trading, an increase of 459% from the previous session’s volume of 97,108 shares. The stock last traded at $23.15 and had previously closed at $23.23.

Inspire Corporate Bond ETF Stock Performance

The business has a 50 day moving average of $23.37 and a 200-day moving average of $23.64.

Inspire Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were paid a $0.0820 dividend. This is a decrease from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0904. This represents a $0.98 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, September 25th.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

Several large investors have recently modified their holdings of the company. Hanson & Doremus Investment Management purchased a new stake in Inspire Corporate Bond ETF in the 3rd quarter valued at $591,000. RMG Wealth Management LLC purchased a new position in Inspire Corporate Bond ETF during the 1st quarter worth $432,000. Nations Financial Group Inc. IA ADV increased its stake in Inspire Corporate Bond ETF by 15.8% in the first quarter. Nations Financial Group Inc. IA ADV now owns 75,819 shares of the company’s stock valued at $1,809,000 after purchasing an additional 10,344 shares during the period. Sterling Investment Advisors Ltd. acquired a new position in Inspire Corporate Bond ETF in the second quarter valued at $238,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Inspire Corporate Bond ETF in the first quarter valued at about $118,000.

About Inspire Corporate Bond ETF

(Get Free Report)

The Inspire Corporate Bond Impact ESG ETF (IBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an equally weighted index of bonds issued by S&P 500-component companies that meet biblically responsible investing standards according to the Issuer. IBD was launched on Jul 10, 2017 and is managed by Inspire.

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