Inspire Corporate Bond ETF (NYSEARCA:IBD) Hits New 12-Month Low – Should You Sell?

Inspire Corporate Bond ETF (NYSEARCA:IBD)’s stock price reached a new 52-week low during trading on Friday. The stock traded as low as $22.50 and last traded at $23.0590, with a volume of 8883 shares traded. The stock had previously closed at $23.05.

Inspire Corporate Bond ETF Stock Performance

The business has a 50-day moving average price of $23.43 and a two-hundred day moving average price of $23.67.

Inspire Corporate Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On Inspire Corporate Bond ETF

Hedge funds have recently bought and sold shares of the stock. Cornerstone Financial Management LLC acquired a new stake in Inspire Corporate Bond ETF in the fourth quarter valued at approximately $1,404,000. RMG Wealth Management LLC acquired a new position in Inspire Corporate Bond ETF during the 1st quarter worth approximately $432,000. Nations Financial Group Inc. IA ADV increased its position in shares of Inspire Corporate Bond ETF by 15.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 75,819 shares of the company’s stock valued at $1,809,000 after purchasing an additional 10,344 shares during the last quarter. Sterling Investment Advisors Ltd. purchased a new stake in shares of Inspire Corporate Bond ETF in the 2nd quarter valued at approximately $238,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Inspire Corporate Bond ETF in the 1st quarter valued at approximately $118,000.

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.