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

On December 29, 2024, shares of the Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) decreased by 1.2% during trading. The stock reached a low of $31.10 and was last seen trading at $31.24. In terms of trading volume, only 3,927 shares changed hands, reflecting a significant drop of 66% from the average session volume of 11,711 shares. The prior closing value for the stock was $31.63.

Details on the Stock Performance

The stock currently has a 50-day moving average of $31.96 and a 200-day moving average sitting at $31.15. The company boasts a market capitalization of $63.42 million. It has a price-to-earnings (PE) ratio of 14.54 and possesses a beta of 0.82, which indicates how volatile the stock is relative to the market.

Institutional Investor Activity

Recent trading activity has shown interest from hedge funds and large investors in the Inspire Faithward Mid Cap Momentum ETF. For instance, Commonwealth Equity Services LLC increased its stake by 9.1% during the second quarter, owning 14,072 shares worth $424,000 after acquiring an additional 1,169 shares. Similarly, Synergy Asset Management LLC expanded its holdings by 21.2% in the same timeframe, now holding 11,036 shares valued at $332,000 after adding 1,933 shares. New investments were also noted, such as PFG Advisors, which bought a fresh stake in the ETF amounting to approximately $1.515 million. Furthermore, Inspire Advisors LLC raised its position by 22.1%, now holding 36,935 shares worth $1.112 million after gaining an additional 6,678 shares. Lastly, CWM LLC made a significant entry by acquiring a stake valued around $764,000 in the ETF during the third quarter.

About Inspire Faithward Mid Cap Momentum ETF

The Inspire Faithward Mid Cap Momentum ETF (GLRY) is designed to primarily invest in mid-cap equities. Its objective is to achieve optimal growth and exceed its benchmark by selectively investing in U.S. mid-cap stocks that align with biblical values. GLRY was officially launched on December 7, 2020, and is managed by Inspire.

Conclusion

As a potential investor, the recent decline in the ETF's share price may raise questions regarding whether to hold or sell. Analyzing the movements of institutional investors, along with the overall market conditions, will be crucial in making an informed decision.

ETF, Stocks, Investment