Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Strong Trading Volume – Time to Buy?

Shares of Inspire Corporate Bond ETF (NYSEARCA:IBD) saw unusually-high trading volume on Monday. 542,370 shares were traded during 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 Up 0.5%

The firm’s fifty day simple moving average is $23.35 and its 200 day simple moving average is $23.63.

Inspire Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 25th were issued a dividend of $0.0820 per share. This is a drop from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0904. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.2%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IBD. Farther Finance Advisors LLC lifted its stake in Inspire Corporate Bond ETF by 2.4% during the third quarter. Farther Finance Advisors LLC now owns 107,607 shares of the company’s stock worth $2,475,000 after purchasing an additional 2,474 shares during the last quarter. Vicus Capital boosted its holdings in shares of Inspire Corporate Bond ETF by 1.9% in the 1st quarter. Vicus Capital now owns 84,925 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,576 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Inspire Corporate Bond ETF by 15.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 75,819 shares of the company’s stock valued at $1,809,000 after purchasing an additional 10,344 shares in the last quarter. Hanson & Doremus Investment Management bought a new position in shares of Inspire Corporate Bond ETF in the 3rd quarter valued at $591,000. Finally, RMG Wealth Management LLC bought a new position in shares of Inspire Corporate Bond ETF in the 1st quarter valued at $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.