Inspire Corporate Bond ETF (NYSEARCA:IBD) Shares Down 0.4% – Here’s What Happened

Inspire Corporate Bond ETF (NYSEARCA:IBD) shares traded down 0.4% during trading on Friday . The stock traded as low as $23.75 and last traded at $23.75. 43,808 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 106,023 shares. The stock had previously closed at $23.85.

Inspire Corporate Bond ETF Stock Down 0.4%

The firm’s fifty day simple moving average is $23.85 and its 200 day simple moving average is $24.03.

Institutional Trading of Inspire Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in IBD. AdvisorNet Financial Inc lifted its position in shares of Inspire Corporate Bond ETF by 6,054.1% in the first quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock worth $54,000 after purchasing an additional 2,240 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Inspire Corporate Bond ETF in the first quarter worth approximately $118,000. Advisory Services Network LLC raised its position in Inspire Corporate Bond ETF by 14.3% during the fourth quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock valued at $209,000 after acquiring an additional 1,077 shares in the last quarter. PVG Asset Management Corp raised its position in Inspire Corporate Bond ETF by 20.7% during the fourth quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock valued at $268,000 after acquiring an additional 1,900 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in Inspire Corporate Bond ETF during the first quarter valued at approximately $432,000.

About Inspire Corporate Bond ETF

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.