Frontier Asset Management LLC Cuts Stake in Inspire Small/Mid Cap ETF (NYSEARCA:ISMD)

Frontier Asset Management LLC trimmed its position in shares of Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,080 shares of the company’s stock after selling 5,868 shares during the period. Frontier Asset Management LLC’s holdings in Inspire Small/Mid Cap ETF were worth $1,091,000 as of its most recent SEC filing.

Separately, Trust Point Inc. boosted its holdings in shares of Inspire Small/Mid Cap ETF by 7.2% during the 4th quarter. Trust Point Inc. now owns 39,098 shares of the company’s stock valued at $1,467,000 after acquiring an additional 2,621 shares during the last quarter.

Inspire Small/Mid Cap ETF Stock Up 0.7 %

Shares of NYSEARCA ISMD opened at $35.42 on Friday. The firm’s 50-day moving average price is $37.54 and its 200-day moving average price is $37.93. The company has a market cap of $178.87 million, a PE ratio of 16.90 and a beta of 1.09. Inspire Small/Mid Cap ETF has a 52-week low of $32.98 and a 52-week high of $41.16.

Inspire Small/Mid Cap ETF Company Profile

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.