15,533 Shares in Inspire Corporate Bond ETF $IBD Bought by RMG Wealth Management LLC

RMG Wealth Management LLC purchased a new position in Inspire Corporate Bond ETF (NYSEARCA:IBD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,533 shares of the company’s stock, valued at approximately $372,000. RMG Wealth Management LLC owned 0.09% of Inspire Corporate Bond ETF at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bare Financial Services Inc increased its holdings in shares of Inspire Corporate Bond ETF by 14.6% in the first quarter. Bare Financial Services Inc now owns 613,272 shares of the company’s stock worth $14,565,000 after purchasing an additional 78,308 shares during the last quarter. Vicus Capital raised its position in Inspire Corporate Bond ETF by 4.0% during the 2nd quarter. Vicus Capital now owns 78,007 shares of the company’s stock valued at $1,873,000 after purchasing an additional 3,035 shares in the last quarter. OLD Mission Capital LLC purchased a new position in Inspire Corporate Bond ETF during the 1st quarter valued at about $404,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in shares of Inspire Corporate Bond ETF in the 1st quarter worth $202,000.

Inspire Corporate Bond ETF Price Performance

NYSEARCA:IBD opened at $24.20 on Tuesday. Inspire Corporate Bond ETF has a 52 week low of $22.84 and a 52 week high of $24.85. The firm has a 50 day moving average of $24.13 and a 200 day moving average of $23.88.

Inspire Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 26th were given a dividend of $0.0899 per share. This is an increase from Inspire Corporate Bond ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, September 26th.

Inspire Corporate Bond ETF 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.