Strive 500 ETF (NYSEARCA:STRV) Sees Large Volume Increase – Time to Buy?

Strive 500 ETF (NYSEARCA:STRV) shares saw an uptick in trading volume on Monday . 603,513 shares traded hands during trading, an increase of 563% from the previous session’s volume of 91,054 shares.The stock last traded at $44.2650 and had previously closed at $44.09.

Strive 500 ETF Stock Performance

The company has a 50 day moving average price of $43.77 and a 200 day moving average price of $42.14. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01.

Strive 500 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Thursday, December 11th were issued a $0.1246 dividend. The ex-dividend date was Thursday, December 11th. This is an increase from Strive 500 ETF’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a yield of 1.1%.

Hedge Funds Weigh In On Strive 500 ETF

A number of institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new stake in Strive 500 ETF in the 3rd quarter valued at $37,000. Parallel Advisors LLC lifted its stake in shares of Strive 500 ETF by 21.6% in the second quarter. Parallel Advisors LLC now owns 11,305 shares of the company’s stock valued at $453,000 after buying an additional 2,005 shares in the last quarter. S.A. Mason LLC grew its holdings in shares of Strive 500 ETF by 4.2% during the second quarter. S.A. Mason LLC now owns 62,326 shares of the company’s stock valued at $2,497,000 after buying an additional 2,492 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in shares of Strive 500 ETF by 13.8% during the second quarter. Pin Oak Investment Advisors Inc. now owns 22,581 shares of the company’s stock worth $905,000 after acquiring an additional 2,747 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV increased its position in shares of Strive 500 ETF by 17.2% during the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 20,245 shares of the company’s stock worth $811,000 after acquiring an additional 2,968 shares in the last quarter.

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.