Inspire Corporate Bond ETF (NYSEARCA:IBD) Shares Down 0.1%

Inspire Corporate Bond ETF (NYSEARCA:IBD) traded down 0.1% during mid-day trading on Thursday . The stock traded as low as $23.26 and last traded at $23.32. 29,799 shares traded hands during trading, a decline of 49% from the average session volume of 58,221 shares. The stock had previously closed at $23.33.

Inspire Corporate Bond ETF Price Performance

The business’s 50 day simple moving average is $23.29 and its 200 day simple moving average is $23.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IBD. Vicus Capital lifted its position in shares of Inspire Corporate Bond ETF by 1.6% during the 4th quarter. Vicus Capital now owns 56,574 shares of the company’s stock valued at $1,335,000 after acquiring an additional 904 shares during the period. Trust Point Inc. bought a new stake in Inspire Corporate Bond ETF during the fourth quarter worth about $1,300,000. Bare Financial Services Inc acquired a new stake in Inspire Corporate Bond ETF during the fourth quarter worth about $2,890,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Inspire Corporate Bond ETF by 630.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 11,146 shares of the company’s stock valued at $263,000 after buying an additional 9,620 shares in the last quarter.

Inspire Corporate Bond ETF Company Profile

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.