Hanson & Doremus Investment Management Makes New $591,000 Investment in Inspire Corporate Bond ETF $IBD

Hanson & Doremus Investment Management acquired a new stake in Inspire Corporate Bond ETF (NYSEARCA:IBD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 25,706 shares of the company’s stock, valued at approximately $591,000. Hanson & Doremus Investment Management owned approximately 0.12% of Inspire Corporate Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBD. Farther Finance Advisors LLC raised its stake in shares of 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 buying an additional 2,474 shares during the last quarter. Sterling Investment Advisors Ltd. bought a new position in shares of Inspire Corporate Bond ETF during the 2nd quarter valued at about $238,000. Continuum Advisory LLC bought a new position in shares of Inspire Corporate Bond ETF during the 2nd quarter valued at about $56,000. RMG Wealth Management LLC acquired a new position in shares of Inspire Corporate Bond ETF in the 1st quarter valued at approximately $432,000. Finally, Root Financial Partners LLC acquired a new position in shares of Inspire Corporate Bond ETF in the 1st quarter valued at approximately $118,000.

Inspire Corporate Bond ETF Price Performance

NYSEARCA IBD opened at $23.23 on Friday. Inspire Corporate Bond ETF has a 52-week low of $22.50 and a 52-week high of $24.78. The business has a 50 day simple moving average of $23.37 and a 200 day simple moving average of $23.64.

Inspire Corporate Bond ETF Cuts Dividend

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

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.