Strive 500 ETF (NYSEARCA:STRV) Hits New 1-Year High – Here’s What Happened

Strive 500 ETF (NYSEARCA:STRV)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $45.08 and last traded at $44.9260, with a volume of 32048 shares traded. The stock had previously closed at $44.99.

Strive 500 ETF Price Performance

The firm’s 50 day simple moving average is $44.20 and its 200-day simple moving average is $43.02. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01.

Strive 500 ETF Increases Dividend

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

Institutional Investors Weigh In On Strive 500 ETF

Several large investors have recently modified their holdings of STRV. AdvisorNet Financial Inc acquired a new position in shares of Strive 500 ETF in the 3rd quarter valued at $37,000. Confluence Wealth Services Inc. purchased a new position in Strive 500 ETF during the 2nd quarter worth $226,000. HORAN Wealth LLC acquired a new position in Strive 500 ETF in the third quarter valued at $245,000. Woodard & Co. Asset Management Group Inc. ADV raised its holdings in shares of Strive 500 ETF by 17.2% in the second 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 last quarter. Finally, Pin Oak Investment Advisors Inc. boosted its stake in shares of 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 worth $905,000 after buying an additional 2,747 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.