Cornerstone Financial Management LLC Makes New Investment in Inspire Corporate Bond ETF $IBD

Cornerstone Financial Management LLC acquired a new position in shares of Inspire Corporate Bond ETF (NYSEARCA:IBD) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 58,030 shares of the company’s stock, valued at approximately $1,404,000. Inspire Corporate Bond ETF comprises about 1.3% of Cornerstone Financial Management LLC’s portfolio, making the stock its 21st biggest position. Cornerstone Financial Management LLC owned about 0.29% of Inspire Corporate Bond ETF as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IBD. Bare Financial Services Inc grew its stake in shares of Inspire Corporate Bond ETF by 5.8% during the third quarter. Bare Financial Services Inc now owns 673,970 shares of the company’s stock valued at $16,276,000 after buying an additional 36,774 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Inspire Corporate Bond ETF by 4.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 937,889 shares of the company’s stock valued at $22,650,000 after buying an additional 38,627 shares during the last quarter. United Capital Financial Advisors LLC grew its stake in shares of Inspire Corporate Bond ETF by 21.3% during the third quarter. United Capital Financial Advisors LLC now owns 147,391 shares of the company’s stock valued at $3,559,000 after buying an additional 25,850 shares during the last quarter. Trust Point Inc. grew its stake 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. Finally, Vicus Capital grew its stake in shares of Inspire Corporate Bond ETF by 4.4% during the fourth quarter. Vicus Capital now owns 83,349 shares of the company’s stock valued at $2,017,000 after buying an additional 3,491 shares during the last quarter.

Inspire Corporate Bond ETF Stock Down 0.4%

IBD opened at $23.75 on Friday. The stock’s 50 day moving average price is $23.85 and its 200-day moving average price is $24.03. Inspire Corporate Bond ETF has a one year low of $23.51 and a one year high of $24.85.

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.