RMG Wealth Management LLC Sells 15,873 Shares of Inspire 100 ETF $BIBL

RMG Wealth Management LLC trimmed its holdings in shares of Inspire 100 ETF (NYSEARCA:BIBL) by 36.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,151 shares of the company’s stock after selling 15,873 shares during the period. Inspire 100 ETF comprises approximately 0.2% of RMG Wealth Management LLC’s portfolio, making the stock its 17th largest position. RMG Wealth Management LLC owned about 0.36% of Inspire 100 ETF worth $1,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its stake in shares of Inspire 100 ETF by 509.7% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 226,196 shares of the company’s stock valued at $9,349,000 after acquiring an additional 189,094 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in Inspire 100 ETF by 494.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 56,276 shares of the company’s stock worth $2,500,000 after acquiring an additional 46,804 shares during the last quarter. Vicus Capital increased its stake in Inspire 100 ETF by 12.3% in the 2nd quarter. Vicus Capital now owns 36,047 shares of the company’s stock worth $1,490,000 after purchasing an additional 3,950 shares during the period. Sterling Investment Advisors Ltd. lifted its position in Inspire 100 ETF by 17.8% in the second quarter. Sterling Investment Advisors Ltd. now owns 17,200 shares of the company’s stock valued at $711,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Community Financial Services Group LLC purchased a new stake in shares of Inspire 100 ETF during the second quarter valued at approximately $202,000.

Inspire 100 ETF Stock Performance

Shares of Inspire 100 ETF stock opened at $48.16 on Friday. Inspire 100 ETF has a 52-week low of $32.72 and a 52-week high of $48.64. The company’s 50 day moving average price is $45.78 and its 200-day moving average price is $44.33. The stock has a market capitalization of $380.46 million, a price-to-earnings ratio of 25.68 and a beta of 1.11.

Inspire 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were given a $0.0961 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.8%.

About Inspire 100 ETF

The Inspire 100 ESG ETF (BIBL) is an exchange-traded fund that is based on the Inspire 100 index, a market-cap-weighted index of large-cap US stocks, selected based on a proprietary definition of biblical values. BIBL was launched on Oct 30, 2017 and is managed by Inspire.