Inspire Fidelis Multi Factor ETF $FDLS Stock: Strategic Equity Management Reduces Position

Strategic Equity Management reduced its stake in Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) by 96.0% in the third quarter, Holdings Channel.com reports. The fund owned 6,478 shares of the company’s stock after selling 157,158 shares during the period. Strategic Equity Management’s holdings in Inspire Fidelis Multi Factor ETF were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Valmark Advisers Inc. lifted its stake in Inspire Fidelis Multi Factor ETF by 1.6% in the 1st quarter. Valmark Advisers Inc. now owns 35,830 shares of the company’s stock worth $1,324,000 after purchasing an additional 558 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Inspire Fidelis Multi Factor ETF by 39.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,294 shares of the company’s stock valued at $85,000 after purchasing an additional 647 shares during the period. Optivise Advisory Services LLC boosted its holdings in Inspire Fidelis Multi Factor ETF by 14.4% in the 3rd quarter. Optivise Advisory Services LLC now owns 9,580 shares of the company’s stock valued at $395,000 after purchasing an additional 1,208 shares during the period. Frontier Asset Management LLC grew its position in shares of Inspire Fidelis Multi Factor ETF by 2.6% during the 1st quarter. Frontier Asset Management LLC now owns 65,404 shares of the company’s stock valued at $2,416,000 after purchasing an additional 1,629 shares in the last quarter. Finally, Carlson Financial Inc. grew its position in shares of Inspire Fidelis Multi Factor ETF by 13.8% during the 2nd quarter. Carlson Financial Inc. now owns 17,389 shares of the company’s stock valued at $735,000 after purchasing an additional 2,109 shares in the last quarter.

Inspire Fidelis Multi Factor ETF Stock Performance

Inspire Fidelis Multi Factor ETF stock opened at $40.57 on Tuesday. The stock has a market cap of $251.53 million, a P/E ratio of 16.55 and a beta of 1.05. Inspire Fidelis Multi Factor ETF has a fifty-two week low of $33.37 and a fifty-two week high of $44.01. The firm’s fifty day moving average price is $41.80 and its 200-day moving average price is $40.62.

Inspire Fidelis Multi Factor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 25th were paid a dividend of $0.0748 per share. This is a negative change from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.0899. This represents a $0.30 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 25th.

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. FDLS was launched on Aug 23, 2022 and is managed by Inspire.