Sterling Investment Advisors Ltd. Increases Stake in Inspire 100 ETF $BIBL

Sterling Investment Advisors Ltd. raised its stake in shares of Inspire 100 ETF (NYSEARCA:BIBL) by 17.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,200 shares of the company’s stock after buying an additional 2,600 shares during the quarter. Sterling Investment Advisors Ltd. owned about 0.22% of Inspire 100 ETF worth $711,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BIBL. Creative Financial Designs Inc. ADV boosted its position in shares of Inspire 100 ETF by 20.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 37,102 shares of the company’s stock valued at $1,425,000 after acquiring an additional 6,305 shares during the last quarter. Fiduciary Alliance LLC boosted its position in shares of Inspire 100 ETF by 3.8% during the 1st quarter. Fiduciary Alliance LLC now owns 66,130 shares of the company’s stock valued at $2,540,000 after acquiring an additional 2,395 shares during the last quarter. Finally, Bare Financial Services Inc boosted its position in shares of Inspire 100 ETF by 3.4% during the 1st quarter. Bare Financial Services Inc now owns 423,976 shares of the company’s stock valued at $16,285,000 after acquiring an additional 13,950 shares during the last quarter.

Inspire 100 ETF Trading Up 0.3%

Shares of BIBL opened at $44.18 on Tuesday. The company has a market cap of $344.60 million, a PE ratio of 25.68 and a beta of 1.03. The stock has a 50-day moving average price of $43.05 and a 200-day moving average price of $40.49. Inspire 100 ETF has a 12-month low of $32.72 and a 12-month high of $44.58.

Inspire 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 26th will be given a dividend of $0.114 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, September 26th.

About Inspire 100 ETF

The Inspire 100 ESG ETF (BIBL) is an exchange-traded fund that is based on the Inspire 100 index, a market-cap-weighted index of large-cap US stocks, selected based on a proprietary definition of biblical values. BIBL was launched on Oct 30, 2017 and is managed by Inspire.