Cornerstone Financial Management LLC Makes New $952,000 Investment in Inspire Small/Mid Cap ETF $ISMD

Cornerstone Financial Management LLC acquired a new position in shares of Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,687 shares of the company’s stock, valued at approximately $952,000. Cornerstone Financial Management LLC owned about 0.40% of Inspire Small/Mid Cap ETF as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mosaic Family Wealth Partners LLC grew its holdings in Inspire Small/Mid Cap ETF by 3.9% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 7,694 shares of the company’s stock worth $297,000 after acquiring an additional 290 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Inspire Small/Mid Cap ETF during the 4th quarter worth about $35,000. United Capital Financial Advisors LLC grew its holdings in Inspire Small/Mid Cap ETF by 15.1% during the 3rd quarter. United Capital Financial Advisors LLC now owns 21,665 shares of the company’s stock worth $842,000 after acquiring an additional 2,850 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Inspire Small/Mid Cap ETF by 18.3% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 22,383 shares of the company’s stock worth $864,000 after acquiring an additional 3,464 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Inspire Small/Mid Cap ETF by 14.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 33,292 shares of the company’s stock worth $1,284,000 after acquiring an additional 4,243 shares during the last quarter.

Inspire Small/Mid Cap ETF Stock Down 0.2%

Shares of NYSEARCA:ISMD opened at $48.35 on Friday. Inspire Small/Mid Cap ETF has a 12 month low of $34.37 and a 12 month high of $48.73. The company’s 50-day moving average price is $44.91 and its two-hundred day moving average price is $42.01. The firm has a market cap of $314.28 million, a P/E ratio of 16.03 and a beta of 1.03.

Inspire Small/Mid Cap ETF Company Profile

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.