IFP Advisors Inc Boosts Holdings in Inspire Corporate Bond ETF $IBD

IFP Advisors Inc grew its position in Inspire Corporate Bond ETF (NYSEARCA:IBD) by 29,004.0% during the 2nd quarter, Holdings Channel reports. The fund owned 58,790 shares of the company’s stock after buying an additional 58,588 shares during the quarter. IFP Advisors Inc’s holdings in Inspire Corporate Bond ETF were worth $1,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vicus Capital boosted its holdings in shares of Inspire Corporate Bond ETF by 1.1% in the first quarter. Vicus Capital now owns 74,972 shares of the company’s stock valued at $1,781,000 after acquiring an additional 792 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Inspire Corporate Bond ETF in the first quarter valued at about $202,000. RMG Wealth Management LLC acquired a new stake in shares of Inspire Corporate Bond ETF in the second quarter valued at about $372,000. OLD Mission Capital LLC acquired a new position in Inspire Corporate Bond ETF during the first quarter worth about $404,000. Finally, Bare Financial Services Inc raised its position in Inspire Corporate Bond ETF by 14.6% during the first quarter. Bare Financial Services Inc now owns 613,272 shares of the company’s stock worth $14,565,000 after acquiring an additional 78,308 shares during the last quarter.

Inspire Corporate Bond ETF Stock Performance

Shares of IBD opened at $24.15 on Monday. The company has a 50-day moving average of $24.15 and a two-hundred day moving average of $23.90. Inspire Corporate Bond ETF has a 12-month low of $22.84 and a 12-month high of $24.85.

Inspire Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 26th were given a dividend of $0.0899 per share. This represents a c) annualized dividend and a yield of 4.5%. This is a positive change from Inspire Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Friday, September 26th.

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.