Strive 500 ETF (NYSEARCA:STRV) Hits New 1-Year High – Here’s Why

Strive 500 ETF (NYSEARCA:STRV) hit a new 52-week high on Wednesday . The company traded as high as $44.65 and last traded at $44.6560, with a volume of 22674 shares. The stock had previously closed at $44.49.

Strive 500 ETF Trading Up 0.3%

The company has a 50 day moving average of $43.77 and a 200-day moving average of $42.14. The firm has a market capitalization of $1.04 billion, a P/E ratio of 25.66 and a beta of 1.01.

Strive 500 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were issued a dividend of $0.1246 per share. This is a boost from Strive 500 ETF’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, December 11th.

Institutional Investors Weigh In On Strive 500 ETF

Several institutional investors have recently made changes to their positions in STRV. Strive Asset Management LLC raised its holdings in Strive 500 ETF by 5.3% in the 3rd quarter. Strive Asset Management LLC now owns 615,113 shares of the company’s stock valued at $26,573,000 after acquiring an additional 31,171 shares in the last quarter. S.A. Mason LLC lifted its position in Strive 500 ETF by 9.1% during the third quarter. S.A. Mason LLC now owns 68,019 shares of the company’s stock worth $2,938,000 after purchasing an additional 5,693 shares during the period. Captrust Financial Advisors lifted its position in Strive 500 ETF by 58.8% during the third quarter. Captrust Financial Advisors now owns 55,715 shares of the company’s stock worth $2,407,000 after purchasing an additional 20,635 shares during the period. Pin Oak Investment Advisors Inc. grew its stake in Strive 500 ETF by 15.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 25,971 shares of the company’s stock worth $1,122,000 after buying an additional 3,390 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV increased its holdings in Strive 500 ETF by 17.2% in the 2nd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 20,245 shares of the company’s stock valued at $811,000 after buying an additional 2,968 shares during the period.

About Strive 500 ETF

The Strive 500 ETF (STRV) is an exchange-traded fund that is based on the Solactive GBS United States 500 index. The fund tracks a market cap-weighted index of the 500 largest companies across all sectors in the US equity market. STRV was launched on Sep 15, 2022 and is managed by Strive.