IFP Advisors Inc Acquires 3,126 Shares of Inspire 500 ETF $PTL

IFP Advisors Inc raised its holdings in Inspire 500 ETF (NYSEARCA:PTL) by 851.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,493 shares of the company’s stock after acquiring an additional 3,126 shares during the quarter. IFP Advisors Inc’s holdings in Inspire 500 ETF were worth $801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Investment Advisors Ltd. boosted its position in shares of Inspire 500 ETF by 25.5% during the second quarter. Sterling Investment Advisors Ltd. now owns 3,075 shares of the company’s stock worth $705,000 after purchasing an additional 625 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its position in shares of Inspire 500 ETF by 139.9% during the first quarter. Mosaic Family Wealth Partners LLC now owns 2,250 shares of the company’s stock worth $462,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Inspire 500 ETF by 43.7% during the first quarter. Creative Financial Designs Inc. ADV now owns 5,288 shares of the company’s stock worth $1,087,000 after purchasing an additional 1,607 shares in the last quarter.

Inspire 500 ETF Stock Up 2.4%

Shares of NYSEARCA PTL opened at $249.06 on Tuesday. The company’s fifty day moving average is $244.58 and its 200-day moving average is $227.29. The stock has a market cap of $505.59 million, a price-to-earnings ratio of 25.14 and a beta of 1.19. Inspire 500 ETF has a twelve month low of $177.91 and a twelve month high of $253.06.

Inspire 500 ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 26th were issued a dividend of $0.7686 per share. This represents a $3.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, September 26th.

Inspire 500 ETF Company Profile

The Inspire 500 ETF (PTL) is an exchange-traded fund that is based on the Inspire 500 index, a market-cap-weighted index of 500 large-cap US stocks, selected based on the issuers proprietary criteria of biblical values.