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 hit a low of $31.10 before finally closing at $31.24. During the day, 3,927 shares were traded, marking a significant drop of 66% compared to the average trading volume of 11,711 shares. Prior to this dip, the stock closed at $31.63.

Current Stock Performance

The current 50-day moving average for Inspire Faithward Mid Cap Momentum ETF stands at $31.96, while the 200-day moving average is $31.15. The ETF has a market capitalization of approximately $63.42 million. It currently bears a PE ratio of 14.54 and has a beta value of 0.82.

Investor Activity

Recently, several large investors made significant changes to their holdings in the Inspire Faithward Mid Cap Momentum ETF. For instance, Commonwealth Equity Services LLC increased its stake by 9.1% during the second quarter. After acquiring an additional 1,169 shares, they now own 14,072 shares worth around $424,000. Likewise, Synergy Asset Management LLC boosted its holdings by 21.2% in the same period, bringing their total to 11,036 shares valued at $332,000 after purchasing an additional 1,933 shares. Other notable changes include PFG Advisors, which invested about $1,515,000 in a new position during the second quarter, and Inspire Advisors LLC, which raised its stake by 22.1%, adding 6,678 shares to own a total of 36,935 shares valued at $1,112,000. Furthermore, CWM LLC also bought a new stake in the ETF in the third quarter, estimated to be worth approximately $764,000.

About Inspire Faithward Mid Cap Momentum ETF

The Inspire Faithward Mid Cap Momentum ESG ETF, known as GLRY, primarily invests in mid-cap equities. Its main goal is to achieve growth and outperformance compared to its benchmark by actively selecting U.S. mid-cap stocks that align with biblical values. Launched on December 7, 2020, the fund is managed by Inspire.

Conclusion

As the share price of the Inspire Faithward Mid Cap Momentum ETF has recently experienced a decrease, investors may wonder whether to sell their holdings. It’s essential to analyze market trends, investor activities, and the ETF's performance metrics before making a decision.

ETF, stocks, finance