Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Shares Down 1.2% – Should You Sell?

On December 29th, 2024, shares of the Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) experienced a decline of 1.2%. The stock traded at a low of $31.10 before closing at $31.24. The day saw a total of 3,927 shares exchanged hands, marking a significant decrease of 66% from the typical trading volume of 11,711 shares. The previous closing price for GLRY was $31.63.

Overview of Stock Performance

The current performance metrics for Inspire Faithward Mid Cap Momentum ETF indicate a 50-day moving average of $31.96, while the two-hundred day moving average stands at $31.15. The ETF has a market capitalization of $63.42 million, a price-to-earnings (PE) ratio of 14.54, and a beta value of 0.82, illustrating its relative volatility compared to the broader market.

Investment Activity Among Large Investors

Recent activity from large investors highlights various changes in their holdings of the Inspire Faithward Mid Cap Momentum ETF. Commonwealth Equity Services LLC increased its stake by 9.1% in the second quarter, acquiring a total of 14,072 shares valued at approximately $424,000, following the purchase of an additional 1,169 shares. Similarly, Synergy Asset Management LLC expanded its position by 21.2%, now holding 11,036 shares worth around $332,000 after acquiring 1,933 additional shares. Other notable investments include PFG Advisors who initiated a new position worth approximately $1,515,000, and Inspire Advisors LLC, which raised its ownership by 22.1%, now possessing 36,935 shares valued at $1,112,000 after adding 6,678 shares to its portfolio. Lastly, CWM LLC also entered a new investment during the third quarter, valued at about $764,000.

Understanding the Inspire Faithward Mid Cap Momentum ETF

The Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) is designed to focus primarily on mid-cap equities. The investment objective of this ETF is to achieve maximum growth while outperforming its benchmark. It accomplishes this by actively selecting U.S. mid-cap stocks, which are evaluated based on their alignment with biblical values. This ETF was launched on December 7, 2020, and operates under the management of Inspire.

Additional Resources and Insights

For those interested in exploring more investment opportunities, readers might find articles discussing five stocks that outperform the Inspire Faithward Mid Cap Momentum ETF, as well as insights into investing in small-cap stocks, the gaming industry, and oil stocks. Furthermore, several unique ETFs might emerge as strong investments in 2025.

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