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

RMG Wealth Management LLC decreased its stake in shares of Inspire 100 ETF (NYSEARCA:BIBL) by 36.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,151 shares of the company’s stock after selling 15,873 shares during the quarter. Inspire 100 ETF comprises about 0.2% of RMG Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. RMG Wealth Management LLC’s holdings in Inspire 100 ETF were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC increased its holdings in shares of Inspire 100 ETF by 25.6% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,190 shares of the company’s stock valued at $91,000 after acquiring an additional 447 shares in the last quarter. Community Financial Services Group LLC purchased a new stake in Inspire 100 ETF during the 2nd quarter valued at about $202,000. Sterling Investment Advisors Ltd. grew its position in Inspire 100 ETF by 17.8% during the 2nd 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. Vicus Capital increased its stake in Inspire 100 ETF by 12.3% during the 2nd quarter. Vicus Capital now owns 36,047 shares of the company’s stock valued at $1,490,000 after purchasing an additional 3,950 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings in Inspire 100 ETF by 494.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 56,276 shares of the company’s stock worth $2,500,000 after buying an additional 46,804 shares during the last quarter.

Inspire 100 ETF Stock Performance

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

Inspire 100 ETF Cuts Dividend

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

Inspire 100 ETF Company Profile

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.