Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Unusually-High Trading Volume – Here’s What Happened

Inspire Corporate Bond ETF (NYSEARCA:IBD) shares saw unusually-high trading volume on Monday. 542,370 shares traded hands during mid-day trading, an increase of 459% from the previous session’s volume of 97,108 shares. The stock last traded at $23.15 and had previously closed at $23.23.

Inspire Corporate Bond ETF Stock Performance

The company has a 50 day simple moving average of $23.37 and a 200 day simple moving average of $23.64.

Inspire Corporate Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On Inspire Corporate Bond ETF

Hedge funds have recently modified their holdings of the stock. Hanson & Doremus Investment Management acquired a new position in Inspire Corporate Bond ETF in the 3rd quarter valued at $591,000. Farther Finance Advisors LLC lifted its stake in shares of Inspire Corporate Bond ETF by 2.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 107,607 shares of the company’s stock worth $2,475,000 after acquiring an additional 2,474 shares during the period. Sterling Investment Advisors Ltd. acquired a new stake in shares of Inspire Corporate Bond ETF in the 2nd quarter worth $238,000. Continuum Advisory LLC purchased a new stake in shares of Inspire Corporate Bond ETF in the second quarter valued at about $56,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Inspire Corporate Bond ETF in the first quarter valued at about $432,000.

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.