Strive 500 ETF (NYSEARCA:STRV) Sets New 12-Month High – Still a Buy?

Strive 500 ETF (NYSEARCA:STRV) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $44.70 and last traded at $43.89, with a volume of 147 shares traded. The stock had previously closed at $43.42.

Strive 500 ETF Price Performance

The stock’s fifty day simple moving average is $43.08 and its 200-day simple moving average is $40.67. The stock has a market cap of $1.02 billion, a P/E ratio of 25.66 and a beta of 1.01.

Institutional Trading of Strive 500 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Strive Asset Management LLC boosted its position in shares of Strive 500 ETF by 1,578.5% in the first quarter. Strive Asset Management LLC now owns 221,475 shares of the company’s stock worth $7,986,000 after buying an additional 208,280 shares during the period. S.A. Mason LLC boosted its holdings in shares of Strive 500 ETF by 9.1% during the third quarter. S.A. Mason LLC now owns 68,019 shares of the company’s stock worth $2,938,000 after purchasing an additional 5,693 shares during the period. Pin Oak Investment Advisors Inc. grew its position in 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 valued at $905,000 after purchasing an additional 2,747 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV increased its stake in Strive 500 ETF by 17.2% in the 2nd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 20,245 shares of the company’s stock valued at $811,000 after buying an additional 2,968 shares during the period. Finally, Parallel Advisors LLC lifted its position in Strive 500 ETF by 21.6% in the 2nd quarter. Parallel Advisors LLC now owns 11,305 shares of the company’s stock worth $453,000 after buying an additional 2,005 shares in the last quarter.

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.