Strive U.S. Semiconductor ETF (NYSEARCA:SHOC) Shares Down 0.4% – What’s Next?

Strive U.S. Semiconductor ETF (NYSEARCA:SHOC)’s stock price dropped 0.4% during trading on Friday . The stock traded as low as $103.89 and last traded at $104.35. Approximately 7,142 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 18,551 shares. The stock had previously closed at $104.77.

Strive U.S. Semiconductor ETF Trading Down 0.4%

The company has a market cap of $233.74 million, a PE ratio of 41.80 and a beta of 1.96. The company has a fifty day simple moving average of $109.63 and a two-hundred day simple moving average of $95.54.

Hedge Funds Weigh In On Strive U.S. Semiconductor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SHOC. Kingdom Financial Group LLC. acquired a new position in shares of Strive U.S. Semiconductor ETF in the 4th quarter valued at about $43,000. Royal Bank of Canada increased its holdings in shares of Strive U.S. Semiconductor ETF by 48.3% during the 4th quarter. Royal Bank of Canada now owns 1,536 shares of the company’s stock worth $105,000 after purchasing an additional 500 shares during the period. JPMorgan Chase & Co. bought a new position in Strive U.S. Semiconductor ETF in the third quarter worth $137,000. CIBC Private Wealth Group LLC grew its holdings in shares of Strive U.S. Semiconductor ETF by 9,465.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,200 shares of the company’s stock worth $137,000 after purchasing an additional 2,177 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Strive U.S. Semiconductor ETF in the 2nd quarter valued at $222,000.

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.