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) experienced a decline of 1.2%. The stock traded at a low of $31.10 before closing at $31.24. During the trading session, 3,927 shares changed hands, marking a significant decrease of 66% from the average daily volume of 11,711 shares, with the shares previously holding a closing price of $31.63.

Current Stock Performance

The ETF's 50-day moving average stands at $31.96, while its 200-day moving average is $31.15. The company has a market capitalization of approximately $63.42 million, a price-to-earnings (P/E) ratio of 14.54, and a beta of 0.82, suggesting lower market volatility in comparison to the broader market.

Investors' Activity

Recent activities by large investors show a mix of buying and selling of the ETF. For instance, Commonwealth Equity Services LLC raised its stake in GLRY by 9.1% during the second quarter, now owning 14,072 shares valued at around $424,000 after acquiring an additional 1,169 shares. Similarly, Synergy Asset Management LLC increased its position by 21.2%, bringing its total to 11,036 shares worth approximately $332,000, with the addition of 1,933 shares. PFG Advisors entered a new position valued at about $1,515,000, while Inspire Advisors LLC boosted its stake by 22.1%, now holding 36,935 shares after acquiring 6,678 shares in the last quarter. Additionally, CWM LLC newly invested in shares of GLRY in the third quarter, valued at roughly $764,000.

Overview of Inspire Faithward Mid Cap Momentum ETF

The Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) is designed to invest primarily in mid-cap equities. Its goal is to maximize growth and beat its benchmarks by actively selecting U.S. mid-cap stocks aligned with biblical values. Launched on December 7, 2020, the fund is managed by Inspire.

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ETF, Stocks, Investment