Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Stock to Pay Quarterly Dividend of $0.07

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) declared a quarterly dividend on Thursday, September 24th. Stockholders of record on Friday, September 25th will be given a dividend of $0.0748 per share on Thursday, October 1st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 25th. This is a 16.8% decrease from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.0899.

Inspire Fidelis Multi Factor ETF Trading Up 0.2%

Inspire Fidelis Multi Factor ETF stock traded up $0.10 during mid-day trading on Friday, hitting $41.68. 7,174 shares of the company’s stock were exchanged, compared to its average volume of 34,049. Inspire Fidelis Multi Factor ETF has a 1-year low of $33.36 and a 1-year high of $44.01. The stock has a 50 day moving average of $42.71 and a two-hundred day moving average of $40.91. The stock has a market cap of $247.97 million, a P/E ratio of 16.55 and a beta of 1.04.

Institutional Investors Weigh In On Inspire Fidelis Multi Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in Inspire Fidelis Multi Factor ETF by 39.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,294 shares of the company’s stock valued at $85,000 after purchasing an additional 647 shares during the last quarter. Arlington Capital Management Inc. raised its holdings in Inspire Fidelis Multi Factor ETF by 4.5% in the 1st quarter. Arlington Capital Management Inc. now owns 7,293 shares of the company’s stock worth $269,000 after acquiring an additional 317 shares during the period. Ascentis Independent Advisors bought a new position in Inspire Fidelis Multi Factor ETF in the 1st quarter worth $272,000. Cetera Investment Advisers lifted its position in Inspire Fidelis Multi Factor ETF by 54.6% during the 1st quarter. Cetera Investment Advisers now owns 10,955 shares of the company’s stock worth $405,000 after acquiring an additional 3,867 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Inspire Fidelis Multi Factor ETF during the 2nd quarter worth $647,000.

Inspire Fidelis Multi Factor ETF Company Profile

The Inspire Fidelis Multi Factor ETF (FDLS) is an exchange-traded fund that is based on the WI Fidelis Multi-Cap, Multi-Factor index. The fund tracks an equal-weighted index that provides exposure to 100 US-listed stocks of various sectors and market capitalizations. Selection is based on high quality, value, and momentum characteristics that include a Christian values component, as defined by the issuer. FDLS was launched on Aug 23, 2022 and is managed by Inspire.