Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Shares Decline 1.2% – Is It Time to Sell?

On December 29, 2024, shares of Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) experienced a drop of 1.2%. The stock reached a low of $31.10 during trading, ultimately closing at $31.24. This decline marked a significant reduction in trading activity, with only 3,927 shares exchanged, which is a dramatic decrease of 66% compared to the average session volume of 11,711 shares. The previous day’s closing price was $31.63.

Current Stock Performance of Inspire Faithward Mid Cap Momentum ETF

The ETF’s 50-day moving average stands at $31.96, while its 200-day moving average is $31.15. With a market capitalization of approximately $63.42 million, the fund has a price-to-earnings (PE) ratio of 14.54 and shows a beta of 0.82, indicating more stability compared to the overall market.

Institutional Investors and Their Movements

Recently, several large investors have made adjustments to their holdings in Inspire Faithward Mid Cap Momentum ETF. Commonwealth Equity Services LLC increased its ownership by 9.1% during the second quarter, acquiring an additional 1,169 shares, bringing its total to 14,072 shares worth around $424,000. Synergy Asset Management LLC also expanded its stake by 21.2% in the same period, now holding 11,036 shares valued at approximately $332,000 after buying an additional 1,933 shares. PFG Advisors entered the picture, purchasing a new position valued around $1,515,000, while Inspire Advisors LLC increased its position by 22.1%, acquiring an additional 6,678 shares to reach a total of 36,935 shares worth $1,112,000. Additionally, CWM LLC also acquired a new stake in the ETF, estimated at $764,000 in the third quarter.

About Inspire Faithward Mid Cap Momentum ETF

The Inspire Faithward Mid Cap Momentum ETF (GLRY) is an exchange-traded fund that primarily invests in mid-cap equities. The main goal of the fund is to achieve growth and outperform its benchmarks by actively selecting U.S. mid-cap stocks that are screened based on their adherence to biblical values. Launched on December 7, 2020, this ETF is managed by Inspire.

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