Bare Financial Services Inc Makes New $2.89 Million Investment in Inspire Corporate Bond ETF (NYSEARCA:IBD)

Bare Financial Services Inc bought a new position in Inspire Corporate Bond ETF (NYSEARCA:IBD) in the 4th quarter, HoldingsChannel reports. The fund bought 122,493 shares of the company’s stock, valued at approximately $2,890,000. Inspire Corporate Bond ETF comprises approximately 5.8% of Bare Financial Services Inc’s portfolio, making the stock its 8th largest holding.

Separately, Trust Point Inc. acquired a new position in shares of Inspire Corporate Bond ETF in the 4th quarter worth approximately $1,300,000.

Inspire Corporate Bond ETF Price Performance

Shares of IBD traded up $0.15 during mid-day trading on Thursday, hitting $23.23. The stock had a trading volume of 19,418 shares, compared to its average volume of 60,388. The company’s fifty day simple moving average is $23.32 and its two-hundred day simple moving average is $23.23. Inspire Corporate Bond ETF has a fifty-two week low of $21.95 and a fifty-two week high of $24.62.

Inspire Corporate Bond ETF Company Profile

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.