Inspire Corporate Bond ETF (NYSEARCA:IBD) Plans Dividend Increase – $0.08 Per Share

Inspire Corporate Bond ETF (NYSEARCA:IBD) declared a monthly dividend on Monday, February 23rd. Investors of record on Tuesday, February 24th will be given a dividend of 0.0779 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, February 24th. This is a 31.6% increase from Inspire Corporate Bond ETF’s previous monthly dividend of $0.06.

Inspire Corporate Bond ETF Stock Down 0.5%

IBD stock traded down $0.13 on Tuesday, reaching $24.22. 2,038 shares of the company traded hands, compared to its average volume of 87,579. The firm has a fifty day simple moving average of $24.17 and a 200-day simple moving average of $24.17. Inspire Corporate Bond ETF has a one year low of $22.84 and a one year high of $24.85.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

Several large investors have recently modified their holdings of IBD. Hanson & Doremus Investment Management bought a new position in Inspire Corporate Bond ETF in the 3rd quarter worth about $156,000. Advisory Services Network LLC raised its holdings in Inspire Corporate Bond ETF by 14.3% in the fourth quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock worth $209,000 after buying an additional 1,077 shares during the last quarter. PVG Asset Management Corp raised its holdings in Inspire Corporate Bond ETF by 20.7% in the fourth quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock worth $268,000 after buying an additional 1,900 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Inspire Corporate Bond ETF by 53.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 19,126 shares of the company’s stock worth $463,000 after buying an additional 6,643 shares in the last quarter. Finally, Trust Point Inc. grew its holdings in shares of Inspire Corporate Bond ETF by 2.4% during the fourth quarter. Trust Point Inc. now owns 40,269 shares of the company’s stock valued at $975,000 after buying an additional 959 shares during the last quarter.

About Inspire Corporate Bond ETF

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.