Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Shares Up 1% – Should You Buy?

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY)’s share price was up 1% during mid-day trading on Friday . The stock traded as high as $39.94 and last traded at $39.77. Approximately 22,738 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 29,560 shares. The stock had previously closed at $39.39.

Inspire Faithward Mid Cap Momentum ETF Price Performance

The firm has a market cap of $145.96 million, a P/E ratio of 18.98 and a beta of 0.96. The firm’s 50 day moving average is $37.55 and its 200 day moving average is $36.54.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC purchased a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the fourth quarter worth $40,000. Cetera Investment Advisers bought a new position in Inspire Faithward Mid Cap Momentum ETF in the 4th quarter worth about $314,000. Osaic Holdings Inc. grew its position in Inspire Faithward Mid Cap Momentum ETF by 19.6% during the 4th quarter. Osaic Holdings Inc. now owns 17,584 shares of the company’s stock valued at $630,000 after purchasing an additional 2,878 shares during the last quarter. Inspire Advisors LLC grew its position in Inspire Faithward Mid Cap Momentum ETF by 3.7% during the 4th quarter. Inspire Advisors LLC now owns 202,146 shares of the company’s stock valued at $7,241,000 after purchasing an additional 7,299 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Inspire Faithward Mid Cap Momentum ETF during the 4th quarter valued at about $611,000. Hedge funds and other institutional investors own 72.93% of the company’s stock.

About Inspire Faithward Mid Cap Momentum ETF

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.