Inspire Corporate Bond ETF (NYSEARCA:IBD) Trading 0.4% Higher – Time to Buy?

Inspire Corporate Bond ETF (NYSEARCA:IBD) shot up 0.4% during mid-day trading on Friday . The company traded as high as $23.58 and last traded at $23.54. 60,913 shares changed hands during trading, an increase of 4% from the average session volume of 58,519 shares. The stock had previously closed at $23.45.

Inspire Corporate Bond ETF Stock Up 0.4 %

The company’s 50 day moving average price is $23.60 and its 200 day moving average price is $23.76.

Institutional Trading of Inspire Corporate Bond ETF

Several hedge funds have recently modified their holdings of the company. Creative Financial Designs Inc. ADV increased its stake in shares of Inspire Corporate Bond ETF by 20.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 667,785 shares of the company’s stock valued at $16,080,000 after buying an additional 112,635 shares in the last quarter. Vicus Capital raised its stake in shares of Inspire Corporate Bond ETF by 12.3% in the third quarter. Vicus Capital now owns 69,130 shares of the company’s stock worth $1,665,000 after acquiring an additional 7,577 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Inspire Corporate Bond ETF during the third quarter worth approximately $1,611,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 37,979 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.