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

Strive 500 ETF (NYSEARCA:STRV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $45.09 and last traded at $45.06, with a volume of 58928 shares traded. The stock had previously closed at $44.82.

Strive 500 ETF Stock Up 0.5%

The firm has a market cap of $1.02 billion, a P/E ratio of 25.66 and a beta of 1.01. The company’s 50 day simple moving average is $43.39 and its 200-day simple moving average is $43.76.

Hedge Funds Weigh In On Strive 500 ETF

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new position in shares of Strive 500 ETF during the fourth quarter worth approximately $30,000. AdvisorNet Financial Inc purchased a new position in shares of Strive 500 ETF during the third quarter worth approximately $37,000. HORAN Wealth LLC purchased a new position in shares of Strive 500 ETF during the third quarter worth approximately $245,000. Pin Oak Investment Advisors Inc. increased its position in shares of 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 acquiring an additional 3,390 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Strive 500 ETF by 58.8% during the third quarter. Captrust Financial Advisors now owns 55,715 shares of the company’s stock valued at $2,407,000 after buying an additional 20,635 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.