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

Strive 500 ETF (NYSEARCA:STRV) hit a new 52-week high on Thursday . The stock traded as high as $39.63 and last traded at $39.62, with a volume of 50115 shares. The stock had previously closed at $39.55.

Strive 500 ETF Stock Up 0.2 %

The company has a fifty day moving average of $38.66 and a two-hundred day moving average of $37.48. The stock has a market capitalization of $598.66 million, a price-to-earnings ratio of 25.93 and a beta of 1.00.

Institutional Investors Weigh In On Strive 500 ETF

Several hedge funds have recently modified their holdings of STRV. Ethos Financial Group LLC acquired a new stake in Strive 500 ETF in the fourth quarter valued at $16,144,000. United Advisor Group LLC lifted its holdings in Strive 500 ETF by 12.3% in the third quarter. United Advisor Group LLC now owns 185,659 shares of the company’s stock valued at $6,839,000 after acquiring an additional 20,315 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Strive 500 ETF by 18.3% in the third quarter. Janney Montgomery Scott LLC now owns 86,871 shares of the company’s stock valued at $3,200,000 after acquiring an additional 13,445 shares during the period. Strive Asset Management LLC acquired a new stake in Strive 500 ETF in the fourth quarter valued at $499,000. Finally, Captrust Financial Advisors lifted its holdings in Strive 500 ETF by 35.4% in the third quarter. Captrust Financial Advisors now owns 37,831 shares of the company’s stock valued at $1,394,000 after acquiring an additional 9,898 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.