Inspire Corporate Bond ETF (NYSEARCA:IBD) Trading 0.4% Higher – Here’s Why

Shares of Inspire Corporate Bond ETF (NYSEARCA:IBD) rose 0.4% on Friday . The stock traded as high as $23.58 and last traded at $23.54. Approximately 60,913 shares were traded during trading, an increase of 4% from the average daily volume of 58,519 shares. The stock had previously closed at $23.45.

Inspire Corporate Bond ETF Trading Up 0.4 %

The firm has a 50-day simple moving average of $23.60 and a two-hundred day simple moving average of $23.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vicus Capital increased its holdings in shares of Inspire Corporate Bond ETF by 12.3% during the third quarter. Vicus Capital now owns 69,130 shares of the company’s stock worth $1,665,000 after purchasing an additional 7,577 shares during the period. EverSource Wealth Advisors LLC grew its position in Inspire Corporate Bond ETF by 343.7% during the second quarter. EverSource Wealth Advisors LLC now owns 49,029 shares of the company’s stock worth $1,160,000 after buying an additional 37,979 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Inspire Corporate Bond ETF during the 3rd quarter worth $1,611,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in Inspire Corporate Bond ETF by 20.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 667,785 shares of the company’s stock valued at $16,080,000 after acquiring an additional 112,635 shares in the last quarter.

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.