Inspire's newest faith-based ETF passes $100M AUM in 11 days
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2024
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Source: PRnewswire
- Inspire 500 ETF Launch: Inspire Investing launched the lowest cost faith-based U.S. large cap ETF, the Inspire 500 ETF (NYSE: PTL), which quickly reached $100M AUM in just 11 days.
- PTL Fund Details: The PTL ETF offers a 0.09% expense ratio and provides access to U.S. large cap, biblically screened companies at a competitive price point.
- CEO's Perspective: Robert Netzly, CEO of Inspire, attributes the fund's rapid growth to its low costs and avoidance of problematic companies, leading to high demand from advisors and clients.
- About Inspire 500 ETF: PTL was launched on March 25, 2024, and aims to be a core holding for equity portfolios by offering exposure to the 500 largest U.S. companies with biblical values alignment.
- About Inspire Investing: Inspire Investing is the world's largest provider of faith-based ETFs, known for its Inspire Impact Score™ and commitment to Biblically Responsible Investing principles, along with impactful philanthropic initiatives through the Give50 Program.
Analyst Views on PTL
Wall Street analysts forecast PTL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PTL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
