Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Large Volume Increase – Here’s What Happened

Inspire Corporate Bond ETF (NYSEARCA:IBD) saw unusually-high trading volume on Monday. Approximately 174,215 shares changed hands during mid-day trading, an increase of 80% from the previous session’s volume of 96,829 shares. The stock last traded at $23.09 and had previously closed at $23.17.

Inspire Corporate Bond ETF Price Performance

The business has a fifty day simple moving average of $23.42 and a 200 day simple moving average of $23.67.

Inspire Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were given a dividend of $0.0820 per share. The ex-dividend date was Friday, September 25th. This is a decrease from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0904. This represents a $0.98 annualized dividend and a yield of 4.3%.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

Several institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc boosted its position in Inspire Corporate Bond ETF by 6,054.1% during 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. Continuum Advisory LLC acquired a new stake in Inspire Corporate Bond ETF in the second quarter valued at $56,000. Root Financial Partners LLC purchased a new position in shares of Inspire Corporate Bond ETF in the first quarter valued at $118,000. Sterling Investment Advisors Ltd. acquired a new position in shares of Inspire Corporate Bond ETF during the 2nd quarter worth $238,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Inspire Corporate Bond ETF during the 1st quarter worth $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.