Inspire Corporate Bond ETF (NYSEARCA:IBD) Stock Price Up 0.8% – Should You Buy?

Inspire Corporate Bond ETF (NYSEARCA:IBD)’s share price rose 0.8% during mid-day trading on Monday . The company traded as high as $23.77 and last traded at $23.74. Approximately 45,821 shares changed hands 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 Up 0.5 %

The business’s fifty day moving average price is $23.83 and its 200 day moving average price is $23.71.

Institutional Trading of Inspire Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of 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 last quarter. Vicus Capital boosted its position in Inspire Corporate Bond ETF by 5.8% during the 2nd quarter. Vicus Capital now owns 61,553 shares of the company’s stock worth $1,435,000 after buying an additional 3,377 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in 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 worth $16,080,000 after acquiring 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.