Inspire Corporate Bond ETF Announces Dividend of $0.07 (NYSEARCA:IBD)

Inspire Corporate Bond ETF (NYSEARCA:IBD – Get Rating) announced a dividend on Thursday, May 25th, NASDAQ reports. Shareholders of record on Tuesday, May 30th will be given a dividend of 0.0663 per share on Monday, June 5th. The ex-dividend date of this dividend is Friday, May 26th.

Inspire Corporate Bond ETF Stock Performance

Shares of Inspire Corporate Bond ETF stock traded down $0.05 during trading on Friday, hitting $23.00. 26,205 shares of the stock traded hands, compared to its average volume of 69,127. Inspire Corporate Bond ETF has a 52-week low of $22.22 and a 52-week high of $23.97. The stock’s fifty day simple moving average is $23.32 and its 200 day simple moving average is $23.20.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBD. Merit Financial Group LLC boosted its holdings in Inspire Corporate Bond ETF by 32.5% in the first quarter. Merit Financial Group LLC now owns 15,149 shares of the company’s stock worth $369,000 after acquiring an additional 3,716 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Inspire Corporate Bond ETF by 39.5% during the first quarter. Cetera Investment Advisers now owns 22,448 shares of the company’s stock worth $547,000 after purchasing an additional 6,352 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Inspire Corporate Bond ETF during the first quarter worth about $882,000. LPL Financial LLC lifted its holdings in shares of Inspire Corporate Bond ETF by 4.5% during the second quarter. LPL Financial LLC now owns 53,934 shares of the company’s stock worth $1,262,000 after purchasing an additional 2,311 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Inspire Corporate Bond ETF by 6.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 54,213 shares of the company’s stock worth $1,322,000 after purchasing an additional 3,083 shares during the period.

About Inspire Corporate Bond ETF

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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.