Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Shares Up 2.1% – Here’s What Happened

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) shares shot up 2.1% during trading on Thursday . The stock traded as high as $38.53 and last traded at $38.36. 20,521 shares changed hands during 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 Performance

The company has a 50 day moving average of $36.39 and a 200 day moving average of $35.60. The stock has a market capitalization of $138.10 million, a price-to-earnings ratio of 18.98 and a beta of 0.96.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

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

Institutional Trading of Inspire Faithward Mid Cap Momentum ETF

Several large investors have recently bought and sold shares of GLRY. Financial Advocates Investment Management lifted its stake in Inspire Faithward Mid Cap Momentum ETF by 161.1% in the 2nd quarter. Financial Advocates Investment Management now owns 18,974 shares of the company’s stock worth $625,000 after purchasing an additional 11,707 shares in the last quarter. PFG Advisors grew its position in shares of Inspire Faithward Mid Cap Momentum ETF by 8.7% in the second quarter. PFG Advisors now owns 61,302 shares of the company’s stock valued at $2,019,000 after purchasing an additional 4,893 shares in the last quarter. Inspire Advisors LLC grew its position in shares of Inspire Faithward Mid Cap Momentum ETF by 8.2% in the second quarter. Inspire Advisors LLC now owns 191,820 shares of the company’s stock valued at $6,319,000 after purchasing an additional 14,540 shares in the last quarter. Cyndeo Wealth Partners LLC acquired a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the second quarter valued at approximately $207,000. Finally, CWM LLC lifted its position in Inspire Faithward Mid Cap Momentum ETF by 1.8% during the second quarter. CWM LLC now owns 24,692 shares of the company’s stock worth $813,000 after buying an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 72.93% of the company’s stock.

Inspire Faithward Mid Cap Momentum ETF Company Profile

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.