Inspire Corporate Bond ETF (NYSEARCA:IBD) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Inspire Corporate Bond ETF (NYSEARCA:IBD)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $23.79 and traded as high as $23.82. Inspire Corporate Bond ETF shares last traded at $23.82, with a volume of 60,015 shares traded.

Inspire Corporate Bond ETF Stock Performance

The company has a 50 day simple moving average of $23.79 and a 200 day simple moving average of $23.73.

Institutional Trading of Inspire Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vicus Capital grew its holdings in shares of Inspire Corporate Bond ETF by 5.8% during the second quarter. Vicus Capital now owns 61,553 shares of the company’s stock valued at $1,435,000 after purchasing an additional 3,377 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Inspire Corporate Bond ETF by 343.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 49,029 shares of the company’s stock valued at $1,160,000 after purchasing an additional 37,979 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its stake in Inspire Corporate Bond ETF by 20.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 667,785 shares of the company’s stock worth $16,080,000 after buying an additional 112,635 shares during the last quarter.

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.