Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Unusually-High Trading Volume – Time to Buy?

Inspire Corporate Bond ETF (NYSEARCA:IBD) saw an uptick in trading volume on Monday. Approximately 174,215 shares were traded during mid-day trading, an increase of 80% from the previous session’s volume of 96,829 shares. The stock last traded at $23.09 and had previously closed at $23.17.

Inspire Corporate Bond ETF Trading Down 0.1%

The firm’s 50-day moving average price is $23.39 and its two-hundred day moving average price is $23.65.

Inspire Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 25th were given a $0.0820 dividend. This is a negative change from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0904. The ex-dividend date was Friday, September 25th. This represents a $0.98 annualized dividend and a yield of 4.3%.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IBD. AdvisorNet Financial Inc increased its stake in shares of Inspire Corporate Bond ETF by 6,054.1% during the first quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock worth $54,000 after acquiring an additional 2,240 shares during the period. Continuum Advisory LLC purchased a new position in Inspire Corporate Bond ETF in the second quarter worth $56,000. Root Financial Partners LLC acquired a new stake in Inspire Corporate Bond ETF in the first quarter valued at $118,000. Sterling Investment Advisors Ltd. acquired a new position in shares of Inspire Corporate Bond ETF during the 2nd quarter worth $238,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Inspire Corporate Bond ETF during the 1st quarter worth $432,000.

Inspire Corporate Bond ETF Company Profile

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.