Hanson & Doremus Investment Management Purchases 25,706 Shares of Inspire Corporate Bond ETF $IBD

Hanson & Doremus Investment Management purchased a new stake in Inspire Corporate Bond ETF (NYSEARCA:IBD) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,706 shares of the company’s stock, valued at approximately $591,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vicus Capital increased its holdings in Inspire Corporate Bond ETF by 1.9% in the 1st quarter. Vicus Capital now owns 84,925 shares of the company’s stock valued at $2,026,000 after buying an additional 1,576 shares during the period. AdvisorNet Financial Inc grew its position in Inspire Corporate Bond ETF by 6,054.1% during the 1st 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 last quarter. Continuum Advisory LLC bought a new stake in shares of Inspire Corporate Bond ETF during the second quarter worth about $56,000. Farther Finance Advisors LLC grew its holdings in Inspire Corporate Bond ETF by 2.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 107,607 shares of the company’s stock worth $2,475,000 after acquiring an additional 2,474 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Inspire Corporate Bond ETF during the first quarter valued at $118,000.

Inspire Corporate Bond ETF Stock Up 0.2%

IBD stock opened at $23.23 on Friday. The company has a fifty day moving average price of $23.37 and a 200-day moving average price of $23.64. Inspire Corporate Bond ETF has a 52-week low of $22.50 and a 52-week high of $24.78.

Inspire Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were given a $0.0820 dividend. This is a drop 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 dividend on an annualized basis and a dividend yield of 4.2%.

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.