Strive 500 ETF (NYSEARCA:STRV) Sets New 1-Year High – Should You Buy?

Strive 500 ETF (NYSEARCA:STRV)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $46.74 and last traded at $46.74, with a volume of 68605 shares traded. The stock had previously closed at $46.29.

Strive 500 ETF Stock Performance

The business has a fifty day moving average price of $43.77 and a 200 day moving average price of $43.97. The company has a market capitalization of $1.06 billion, a PE ratio of 25.66 and a beta of 1.01.

Institutional Investors Weigh In On Strive 500 ETF

Several hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors raised its holdings in shares of Strive 500 ETF by 1.2% during the 4th quarter. Captrust Financial Advisors now owns 56,372 shares of the company’s stock valued at $2,485,000 after buying an additional 657 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of Strive 500 ETF during the 4th quarter valued at about $30,000. AdvisorNet Financial Inc raised its holdings in shares of Strive 500 ETF by 52.3% during the 1st quarter. AdvisorNet Financial Inc now owns 7,738 shares of the company’s stock valued at $325,000 after buying an additional 2,658 shares during the period. Pin Oak Investment Advisors Inc. raised its holdings in shares of Strive 500 ETF by 15.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 25,971 shares of the company’s stock valued at $1,122,000 after buying an additional 3,390 shares during the period. Finally, S.A. Mason LLC raised its holdings in shares of Strive 500 ETF by 7.3% during the 4th quarter. S.A. Mason LLC now owns 73,009 shares of the company’s stock valued at $3,219,000 after buying an additional 4,990 shares during the period.

Strive 500 ETF Company Profile

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.