Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Announces Dividend Increase – $0.23 Per Share

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) declared a quarterly dividend on Thursday, September 24th. Shareholders of record on Friday, September 25th will be given a dividend of $0.2293 per share on Thursday, October 1st. This represents a $0.92 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 25th. This is a 2.7% increase from Inspire Small/Mid Cap ETF’s previous quarterly dividend of $0.2232.

Inspire Small/Mid Cap ETF Trading Down 0.4%

Shares of ISMD traded down $0.20 during mid-day trading on Friday, reaching $46.88. The company had a trading volume of 1,046 shares, compared to its average volume of 36,329. Inspire Small/Mid Cap ETF has a fifty-two week low of $35.81 and a fifty-two week high of $51.58. The firm has a fifty day simple moving average of $48.99 and a 200-day simple moving average of $46.38. The stock has a market cap of $323.44 million, a price-to-earnings ratio of 16.03 and a beta of 1.02.

Hedge Funds Weigh In On Inspire Small/Mid Cap ETF

Several large investors have recently modified their holdings of ISMD. EverSource Wealth Advisors LLC raised its position in shares of Inspire Small/Mid Cap ETF by 6.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 35,546 shares of the company’s stock valued at $1,421,000 after acquiring an additional 2,254 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Inspire Small/Mid Cap ETF by 29.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 29,025 shares of the company’s stock worth $1,160,000 after purchasing an additional 6,642 shares during the period. Cornerstone Financial Management LLC bought a new stake in Inspire Small/Mid Cap ETF during the fourth quarter valued at $952,000. RMG Wealth Management LLC bought a new stake in Inspire Small/Mid Cap ETF during the first quarter valued at $565,000. Finally, Continuum Advisory LLC acquired a new stake in shares of Inspire Small/Mid Cap ETF during the second quarter worth $75,000.

About Inspire Small/Mid Cap ETF

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.