Inspire Corporate Bond ETF (NYSEARCA:IBD) Stock Price Down 0.2% – Here’s Why

Inspire Corporate Bond ETF (NYSEARCA:IBD)’s stock price fell 0.2% during mid-day trading on Friday . The stock traded as low as $23.42 and last traded at $23.44. 20,244 shares changed hands during trading, a decline of 75% from the average session volume of 82,560 shares. The stock had previously closed at $23.48.

Inspire Corporate Bond ETF Stock Performance

The firm has a 50 day moving average of $23.67 and a 200-day moving average of $23.76.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in Inspire Corporate Bond ETF by 343.7% during the second quarter. EverSource Wealth Advisors LLC now owns 49,029 shares of the company’s stock valued at $1,160,000 after buying an additional 37,979 shares during the last quarter. Vicus Capital raised its holdings in shares of Inspire Corporate Bond ETF by 12.3% during the 3rd quarter. Vicus Capital now owns 69,130 shares of the company’s stock worth $1,665,000 after acquiring an additional 7,577 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Inspire Corporate Bond ETF by 20.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 667,785 shares of the company’s stock valued at $16,080,000 after acquiring an additional 112,635 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Inspire Corporate Bond ETF in the third quarter valued at $1,611,000.

Inspire Corporate Bond ETF Company Profile

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.