Cornerstone Financial Management LLC Takes $1.40 Million Position in Inspire Corporate Bond ETF $IBD

Cornerstone Financial Management LLC bought a new stake in shares of Inspire Corporate Bond ETF (NYSEARCA:IBD) during the fourth quarter, HoldingsChannel.com reports. The fund bought 58,030 shares of the company’s stock, valued at approximately $1,404,000. Inspire Corporate Bond ETF makes up about 1.3% of Cornerstone Financial Management LLC’s holdings, making the stock its 21st largest holding.

A number of other hedge funds have also recently modified their holdings of the business. Bare Financial Services Inc grew its stake in Inspire Corporate Bond ETF by 5.8% in the third quarter. Bare Financial Services Inc now owns 673,970 shares of the company’s stock worth $16,276,000 after purchasing an additional 36,774 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Inspire Corporate Bond ETF by 4.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 937,889 shares of the company’s stock worth $22,650,000 after purchasing an additional 38,627 shares in the last quarter. United Capital Financial Advisors LLC grew its stake in Inspire Corporate Bond ETF by 21.3% in the third quarter. United Capital Financial Advisors LLC now owns 147,391 shares of the company’s stock worth $3,559,000 after purchasing an additional 25,850 shares in the last quarter. Trust Point Inc. grew its stake in Inspire Corporate Bond ETF by 2.4% in the fourth quarter. Trust Point Inc. now owns 40,269 shares of the company’s stock worth $975,000 after purchasing an additional 959 shares in the last quarter. Finally, Vicus Capital grew its stake in Inspire Corporate Bond ETF by 4.4% in the fourth quarter. Vicus Capital now owns 83,349 shares of the company’s stock worth $2,017,000 after purchasing an additional 3,491 shares in the last quarter.

Inspire Corporate Bond ETF Price Performance

Shares of NYSEARCA:IBD opened at $23.75 on Friday. Inspire Corporate Bond ETF has a 52-week low of $23.51 and a 52-week high of $24.85. The business’s 50 day moving average is $23.85 and its 200 day moving average is $24.03.

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.