Inspire Corporate Bond ETF (NYSEARCA:IBD) Raises Dividend to $0.12 Per Share

Inspire Corporate Bond ETF (NYSEARCA:IBD) announced a monthly dividend on Tuesday, December 16th. Stockholders of record on Wednesday, December 17th will be paid a dividend of 0.121 per share on Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, December 17th. This is a 66.0% increase from Inspire Corporate Bond ETF’s previous monthly dividend of $0.07.

Inspire Corporate Bond ETF Stock Performance

NYSEARCA IBD opened at $24.04 on Wednesday. The company’s 50-day moving average price is $24.19 and its 200-day moving average price is $24.08. Inspire Corporate Bond ETF has a 12 month low of $22.84 and a 12 month high of $24.85.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV lifted its stake in Inspire Corporate Bond ETF by 33.6% in the second quarter. Creative Financial Designs Inc. ADV now owns 899,262 shares of the company’s stock worth $21,591,000 after acquiring an additional 225,994 shares during the period. IFP Advisors Inc increased its position in Inspire Corporate Bond ETF by 29,004.0% during the 2nd quarter. IFP Advisors Inc now owns 58,790 shares of the company’s stock valued at $1,412,000 after purchasing an additional 58,588 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in shares of Inspire Corporate Bond ETF by 499.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,968 shares of the company’s stock valued at $1,328,000 after purchasing an additional 45,794 shares in the last quarter. Bare Financial Services Inc raised its holdings in shares of Inspire Corporate Bond ETF by 5.8% in the 3rd quarter. Bare Financial Services Inc now owns 673,970 shares of the company’s stock valued at $16,276,000 after purchasing an additional 36,774 shares in the last quarter. Finally, United Capital Financial Advisors LLC lifted its position in shares of Inspire Corporate Bond ETF by 21.3% in the 3rd 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 during the period.

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.