Inspire Corporate Bond ETF (NYSEARCA:IBD) Trading Down 0.2% – Should You Sell?

Shares of Inspire Corporate Bond ETF (NYSEARCA:IBD) were down 0.2% on Friday . The stock traded as low as $23.42 and last traded at $23.44. Approximately 20,244 shares were traded during trading, a decline of 75% from the average daily volume of 82,560 shares. The stock had previously closed at $23.48.

Inspire Corporate Bond ETF Stock Down 0.2 %

The stock’s 50 day simple moving average is $23.67 and its two-hundred day simple moving average is $23.76.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of Inspire Corporate Bond ETF by 343.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 49,029 shares of the company’s stock worth $1,160,000 after purchasing an additional 37,979 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Inspire Corporate Bond ETF during the third quarter worth $1,611,000. Vicus Capital raised its position in Inspire Corporate Bond ETF by 12.3% during the third quarter. Vicus Capital now owns 69,130 shares of the company’s stock worth $1,665,000 after acquiring an additional 7,577 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in Inspire Corporate Bond ETF by 20.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 667,785 shares of the company’s stock worth $16,080,000 after acquiring an additional 112,635 shares in the last quarter.

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.