Inspire Corporate Bond ETF (NYSEARCA:IBD) Reaches New 1-Year Low – Should You Sell?

Inspire Corporate Bond ETF (NYSEARCA:IBD)’s share price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $22.70 and last traded at $22.9420, with a volume of 24599 shares. The stock had previously closed at $23.00.

Inspire Corporate Bond ETF Price Performance

The business’s 50-day moving average price is $23.49 and its two-hundred day moving average price is $23.71.

Inspire Corporate Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. AdvisorNet Financial Inc boosted its holdings in shares of 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 during the last quarter. Continuum Advisory LLC acquired a new position in Inspire Corporate Bond ETF in the second quarter valued at $56,000. Root Financial Partners LLC acquired a new position in Inspire Corporate Bond ETF in the first quarter valued at $118,000. Sterling Investment Advisors Ltd. purchased a new position in Inspire Corporate Bond ETF during the second quarter worth about $238,000. Finally, RMG Wealth Management LLC purchased a new position in Inspire Corporate Bond ETF during the first quarter worth about $432,000.

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.