Strive 500 ETF (NYSEARCA:STRV) Reaches New 1-Year High – Here’s Why

Strive 500 ETF (NYSEARCA:STRV) shares reached a new 52-week high on Monday . The stock traded as high as $44.92 and last traded at $44.9060, with a volume of 38169 shares trading hands. The stock had previously closed at $44.84.

Strive 500 ETF Stock Performance

The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01. The firm’s fifty day simple moving average is $43.98 and its 200 day simple moving average is $42.65.

Strive 500 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, December 11th were issued a dividend of $0.1246 per share. This is a boost from Strive 500 ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of STRV. AdvisorNet Financial Inc purchased a new stake in shares of Strive 500 ETF in the third quarter worth approximately $37,000. Confluence Wealth Services Inc. bought a new stake in shares of Strive 500 ETF during the 2nd quarter valued at $226,000. HORAN Wealth LLC purchased a new position in Strive 500 ETF during the third quarter worth about $245,000. Parallel Advisors LLC lifted its stake in Strive 500 ETF by 21.6% during the second quarter. Parallel Advisors LLC now owns 11,305 shares of the company’s stock worth $453,000 after purchasing an additional 2,005 shares during the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV lifted its stake in shares of 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 acquiring an additional 2,968 shares during the last quarter.

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.