RMG Wealth Management LLC Makes New Investment in Inspire Small/Mid Cap ETF $ISMD

RMG Wealth Management LLC purchased a new position in Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,136 shares of the company’s stock, valued at approximately $565,000.

A number of other large investors also recently modified their holdings of ISMD. Sound Income Strategies LLC acquired a new stake in Inspire Small/Mid Cap ETF in the fourth quarter worth about $35,000. AdvisorNet Financial Inc bought a new position in Inspire Small/Mid Cap ETF in the 1st quarter valued at about $46,000. Root Financial Partners LLC acquired a new position in Inspire Small/Mid Cap ETF during the 1st quarter valued at about $66,000. Strategic Blueprint LLC acquired a new position in Inspire Small/Mid Cap ETF during the 4th quarter valued at about $218,000. Finally, Mosaic Family Wealth Partners LLC increased its stake in Inspire Small/Mid Cap ETF by 3.9% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 7,694 shares of the company’s stock valued at $297,000 after buying an additional 290 shares during the period.

Inspire Small/Mid Cap ETF Trading Down 0.7%

ISMD stock opened at $48.98 on Friday. The firm’s 50-day moving average is $48.00 and its two-hundred day moving average is $44.08. The company has a market capitalization of $333.06 million, a price-to-earnings ratio of 16.03 and a beta of 1.02. Inspire Small/Mid Cap ETF has a 52 week low of $34.67 and a 52 week high of $50.48.

Inspire Small/Mid Cap ETF Profile

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.