Inspire Corporate Bond ETF (NYSEARCA:IBD) to Issue $0.07 Dividend

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

Inspire Corporate Bond ETF Stock Down 0.2 %

Shares of NYSEARCA:IBD traded down $0.05 during midday trading on Friday, reaching $23.00. The company’s stock had a trading volume of 26,205 shares, compared to its average volume of 69,127. The firm has a 50 day moving average price of $23.32 and a two-hundred day moving average price of $23.20. Inspire Corporate Bond ETF has a fifty-two week low of $22.22 and a fifty-two week high of $23.97.

Institutional Trading of Inspire Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of IBD. Jane Street Group LLC purchased a new stake in Inspire Corporate Bond ETF during the second quarter worth about $2,531,000. LPL Financial LLC increased its holdings in 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 buying an additional 2,311 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Inspire Corporate Bond ETF during the first quarter worth about $882,000. Merit Financial Group LLC increased its holdings in Inspire Corporate Bond ETF by 32.5% during the first quarter. Merit Financial Group LLC now owns 15,149 shares of the company’s stock worth $369,000 after buying an additional 3,716 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Inspire Corporate Bond ETF by 39.5% in the first quarter. Cetera Investment Advisers now owns 22,448 shares of the company’s stock worth $547,000 after buying an additional 6,352 shares during the last quarter.

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.