Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Trading Up 2.1% – Should You Buy?

Shares of Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) traded up 2.1% during trading on Thursday . The stock traded as high as $38.53 and last traded at $38.36. 20,521 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 42,762 shares. The stock had previously closed at $37.57.

Inspire Faithward Mid Cap Momentum ETF Stock Down 0.1%

The firm has a 50 day moving average of $36.43 and a 200 day moving average of $35.66. The firm has a market cap of $138.02 million, a PE ratio of 18.98 and a beta of 0.96.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were paid a $0.0079 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $0.03 annualized dividend and a dividend yield of 0.1%.

Institutional Trading of Inspire Faithward Mid Cap Momentum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. bought a new stake in Inspire Faithward Mid Cap Momentum ETF during the third quarter worth about $35,000. EverSource Wealth Advisors LLC increased its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 224.8% in the third quarter. EverSource Wealth Advisors LLC now owns 1,598 shares of the company’s stock worth $59,000 after buying an additional 1,106 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the 2nd quarter valued at about $63,000. Geneos Wealth Management Inc. lifted its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 22.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock valued at $71,000 after acquiring an additional 445 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in Inspire Faithward Mid Cap Momentum ETF during the 3rd quarter valued at about $109,000. Institutional investors own 72.93% of the company’s stock.

About Inspire Faithward Mid Cap Momentum ETF

The Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) is an exchange-traded fund that mostly invests in mid cap equity. The fund seeks to maximize growth and outperform its benchmark by actively selecting US mid-cap stocks that are screened for their alignment in biblical values. GLRY was launched on Dec 7, 2020 and is managed by Inspire.