Inspire Fidelis Multi Factor ETF $FDLS Stock: Strategic Equity Management Lowers Position

Strategic Equity Management reduced its position in shares of Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) by 96.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,478 shares of the company’s stock after selling 157,158 shares during the period. Strategic Equity Management owned 0.10% of Inspire Fidelis Multi Factor ETF worth $267,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in Inspire Fidelis Multi Factor ETF by 39.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,294 shares of the company’s stock worth $85,000 after purchasing an additional 647 shares in the last quarter. Focus Financial Network Inc. bought a new position in shares of Inspire Fidelis Multi Factor ETF during the 3rd quarter worth approximately $209,000. MGO One Seven LLC bought a new position in shares of Inspire Fidelis Multi Factor ETF during the 3rd quarter worth approximately $291,000. Commonwealth Equity Services LLC bought a new position in shares of Inspire Fidelis Multi Factor ETF during the 3rd quarter worth approximately $313,000. Finally, Optivise Advisory Services LLC boosted its stake in shares of Inspire Fidelis Multi Factor ETF by 14.4% in the 3rd quarter. Optivise Advisory Services LLC now owns 9,580 shares of the company’s stock worth $395,000 after buying an additional 1,208 shares during the last quarter.

Inspire Fidelis Multi Factor ETF Price Performance

Shares of NYSEARCA:FDLS opened at $40.57 on Tuesday. The company has a market capitalization of $251.53 million, a PE ratio of 16.55 and a beta of 1.05. The business has a fifty day moving average price of $41.80 and a two-hundred day moving average price of $40.62. Inspire Fidelis Multi Factor ETF has a 1 year low of $33.37 and a 1 year high of $44.01.

Inspire Fidelis Multi Factor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were given a dividend of $0.0748 per share. This is a drop from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.0899. This represents a $0.30 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, September 25th.

Inspire Fidelis Multi Factor ETF Company Profile

The Inspire Fidelis Multi Factor ETF (FDLS) is an exchange-traded fund that is based on the WI Fidelis Multi-Cap, Multi-Factor index. The fund tracks an equal-weighted index that provides exposure to 100 US-listed stocks of various sectors and market capitalizations. Selection is based on high quality, value, and momentum characteristics that include a Christian values component, as defined by the issuer. FDLS was launched on Aug 23, 2022 and is managed by Inspire.