Strive U.S. Semiconductor ETF (NYSE:SHOC) Shares Climb 0.3% – Should You Buy?

Strive U.S. Semiconductor ETF (NYSE:SHOC)’s share price was up 0.3% on Monday. The stock traded as high as $115.94 and last traded at $115.8440. 7,424 shares were traded during trading, a decline of 56% from the average session volume of 16,703 shares. The stock had previously closed at $115.46.

Strive U.S. Semiconductor ETF Price Performance

The business has a fifty day moving average price of $106.20 and a 200 day moving average price of $102.67. The company has a market capitalization of $253.60 million, a price-to-earnings ratio of 41.80 and a beta of 1.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LP bought a new position in Strive U.S. Semiconductor ETF during the 2nd quarter valued at $277,000. Birch Financial Group LLC lifted its holdings in Strive U.S. Semiconductor ETF by 9.9% in the 1st quarter. Birch Financial Group LLC now owns 11,250 shares of the company’s stock valued at $810,000 after acquiring an additional 1,014 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of Strive U.S. Semiconductor ETF by 110.7% during the 2nd quarter. Citadel Advisors LLC now owns 8,450 shares of the company’s stock valued at $1,031,000 after purchasing an additional 4,440 shares in the last quarter. Demars Financial Group LLC grew its stake in shares of Strive U.S. Semiconductor ETF by 89.1% in the 1st quarter. Demars Financial Group LLC now owns 27,360 shares of the company’s stock worth $1,971,000 after purchasing an additional 12,894 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Strive U.S. Semiconductor ETF by 11.6% in the 1st quarter. Cetera Investment Advisers now owns 27,770 shares of the company’s stock worth $2,000,000 after purchasing an additional 2,879 shares during the last quarter.

Strive U.S. Semiconductor ETF Company Profile

The Strive U.S. Semiconductor ETF (SHOC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market cap-weighted index of the 30 largest semiconductor companies in the US equity market. SHOC was launched on Oct 6, 2022 and is managed by Strive.