RMG Wealth Management LLC Takes $1.32 Million Position in Inspire 100 ETF $BIBL

RMG Wealth Management LLC purchased a new position in Inspire 100 ETF (NYSEARCA:BIBL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,916 shares of the company’s stock, valued at approximately $1,316,000. Inspire 100 ETF accounts for about 0.2% of RMG Wealth Management LLC’s investment portfolio, making the stock its 17th largest position. RMG Wealth Management LLC owned 0.35% of Inspire 100 ETF at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BIBL. Root Financial Partners LLC bought a new stake in shares of Inspire 100 ETF during the 1st quarter valued at $94,000. AdvisorNet Financial Inc bought a new position in shares of Inspire 100 ETF in the 1st quarter worth about $42,000. Nations Financial Group Inc. IA ADV lifted its position in Inspire 100 ETF by 18.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 81,087 shares of the company’s stock valued at $3,823,000 after acquiring an additional 12,718 shares during the period. Continuum Advisory LLC boosted its stake in Inspire 100 ETF by 6.5% during the fourth quarter. Continuum Advisory LLC now owns 6,085 shares of the company’s stock worth $275,000 after acquiring an additional 370 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Inspire 100 ETF by 1.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87,608 shares of the company’s stock worth $3,954,000 after acquiring an additional 881 shares in the last quarter.

Inspire 100 ETF Stock Performance

Shares of NYSEARCA BIBL opened at $55.68 on Friday. Inspire 100 ETF has a fifty-two week low of $41.43 and a fifty-two week high of $58.17. The company has a 50 day simple moving average of $55.22 and a two-hundred day simple moving average of $51.45. The company has a market capitalization of $495.55 million, a price-to-earnings ratio of 25.68 and a beta of 1.10.

About Inspire 100 ETF

The Inspire 100 ESG ETF (BIBL) is an exchange-traded fund that is based on the Inspire 100 index, a market-cap-weighted index of large-cap US stocks, selected based on a proprietary definition of biblical values. BIBL was launched on Oct 30, 2017 and is managed by Inspire.