Inspire Faithward Mid Cap Momentum ETF $GLRY Shares Sold by Faithward Advisors LLC

Faithward Advisors LLC cut its holdings in shares of Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 741,581 shares of the company’s stock after selling 25,029 shares during the period. Inspire Faithward Mid Cap Momentum ETF accounts for about 3.7% of Faithward Advisors LLC’s holdings, making the stock its 3rd biggest position. Faithward Advisors LLC owned approximately 19.01% of Inspire Faithward Mid Cap Momentum ETF worth $27,520,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Nations Financial Group Inc. IA ADV boosted its stake in Inspire Faithward Mid Cap Momentum ETF by 26.4% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 44,066 shares of the company’s stock worth $1,635,000 after purchasing an additional 9,216 shares during the period. Inspire Investing LLC purchased a new position in Inspire Faithward Mid Cap Momentum ETF during the 4th quarter worth $40,000. Cetera Investment Advisers acquired a new position in Inspire Faithward Mid Cap Momentum ETF in the fourth quarter valued at $314,000. Osaic Holdings Inc. increased its stake in Inspire Faithward Mid Cap Momentum ETF by 19.6% in the fourth 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 period. Finally, Inspire Advisors LLC raised its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 3.7% in the fourth quarter. Inspire Advisors LLC now owns 202,146 shares of the company’s stock valued at $7,241,000 after buying an additional 7,299 shares during the last quarter. 72.93% of the stock is owned by institutional investors and hedge funds.

Inspire Faithward Mid Cap Momentum ETF Stock Down 2.5%

Shares of GLRY stock opened at $42.18 on Wednesday. Inspire Faithward Mid Cap Momentum ETF has a 52-week low of $32.50 and a 52-week high of $43.34. The stock’s 50-day moving average price is $41.36 and its 200 day moving average price is $39.01. The stock has a market capitalization of $160.28 million, a PE ratio of 18.98 and a beta of 1.03.

Inspire Faithward Mid Cap Momentum ETF Profile

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.