Inspire Corporate Bond ETF (NYSEARCA:IBD) Shareholders to Receive $0.08 Monthly Dividend

Inspire Corporate Bond ETF (NYSEARCA:IBD) declared a monthly dividend on Thursday, September 24th. Investors of record on Friday, September 25th will be given a dividend of $0.0820 per share on Thursday, October 1st. This represents a $0.98 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 25th. This is a 9.3% decrease from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0904.

Inspire Corporate Bond ETF Stock Down 0.6%

Inspire Corporate Bond ETF stock traded down $0.15 during trading on Friday, reaching $23.05. 2,018 shares of the company’s stock were exchanged, compared to its average volume of 95,259. Inspire Corporate Bond ETF has a 52-week low of $22.94 and a 52-week high of $24.78. The company’s 50-day moving average is $23.55 and its two-hundred day moving average is $23.74.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

A number of large investors have recently modified their holdings of the stock. Vicus Capital lifted its position in Inspire Corporate Bond ETF by 1.9% during the 1st quarter. Vicus Capital now owns 84,925 shares of the company’s stock worth $2,026,000 after acquiring an additional 1,576 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of Inspire Corporate Bond ETF by 15.8% during the first quarter. Nations Financial Group Inc. IA ADV now owns 75,819 shares of the company’s stock worth $1,809,000 after purchasing an additional 10,344 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in shares of Inspire Corporate Bond ETF in the fourth quarter valued at $1,404,000. EverSource Wealth Advisors LLC grew its holdings in Inspire Corporate Bond ETF by 53.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 19,126 shares of the company’s stock valued at $463,000 after purchasing an additional 6,643 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new stake in 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.