Inspire Corporate Bond ETF (NYSEARCA:IBD) Trading 0.8% Higher – What’s Next?

Inspire Corporate Bond ETF (NYSEARCA:IBD) rose 0.8% on Monday . The stock traded as high as $23.77 and last traded at $23.74. Approximately 45,821 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 85,718 shares. The stock had previously closed at $23.56.

Inspire Corporate Bond ETF Stock Performance

The business has a 50 day moving average price of $23.83 and a 200-day moving average price of $23.71.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position 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 worth $1,160,000 after purchasing an additional 37,979 shares during the period. Vicus Capital raised its position in Inspire Corporate Bond ETF by 12.3% during the third quarter. Vicus Capital now owns 69,130 shares of the company’s stock valued at $1,665,000 after purchasing an additional 7,577 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in Inspire Corporate Bond ETF by 20.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 667,785 shares of the company’s stock worth $16,080,000 after purchasing an additional 112,635 shares during the last quarter.

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.