Inspire Investing LLC Lowers Stock Position in Inspire Fidelis Multi Factor ETF $FDLS

Inspire Investing LLC lowered its position in shares of Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,803 shares of the company’s stock after selling 12,148 shares during the quarter. Inspire Investing LLC owned about 4.35% of Inspire Fidelis Multi Factor ETF worth $3,867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new position in Inspire Fidelis Multi Factor ETF during the first quarter valued at $497,000. Frontier Asset Management LLC lifted its position in Inspire Fidelis Multi Factor ETF by 16.9% during the first quarter. Frontier Asset Management LLC now owns 56,358 shares of the company’s stock valued at $1,587,000 after buying an additional 8,145 shares during the period. Inspire Advisors LLC lifted its position in Inspire Fidelis Multi Factor ETF by 9.2% during the first quarter. Inspire Advisors LLC now owns 742,552 shares of the company’s stock valued at $20,905,000 after buying an additional 62,643 shares during the period. AE Wealth Management LLC lifted its position in Inspire Fidelis Multi Factor ETF by 51.2% during the first quarter. AE Wealth Management LLC now owns 22,067 shares of the company’s stock valued at $621,000 after buying an additional 7,476 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Inspire Fidelis Multi Factor ETF by 1.1% during the first quarter. Envestnet Asset Management Inc. now owns 34,303 shares of the company’s stock valued at $966,000 after buying an additional 369 shares during the period.

Inspire Fidelis Multi Factor ETF Trading Down 3.0%

Shares of NYSEARCA:FDLS opened at $33.36 on Friday. The stock has a fifty day simple moving average of $33.98 and a two-hundred day simple moving average of $31.16. The stock has a market capitalization of $101.75 million, a price-to-earnings ratio of 16.55 and a beta of 1.24. Inspire Fidelis Multi Factor ETF has a 12-month low of $24.36 and a 12-month high of $35.43.

Inspire Fidelis Multi Factor ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 26th were paid a dividend of $0.0621 per share. The ex-dividend date was Friday, September 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.7%.

Inspire Fidelis Multi Factor ETF Company Profile

The Inspire Fidelis Multi Factor ETF (FDLS) is an exchange-traded fund that is based on the WI Fidelis Multi-Cap, Multi-Factor index. The fund tracks an equal-weighted index that provides exposure to 100 US-listed stocks of various sectors and market capitalizations. Selection is based on high quality, value, and momentum characteristics that include a Christian values component, as defined by the issuer.