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

Strive 500 ETF (NYSEARCA:STRV) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $46.74 and last traded at $46.74, with a volume of 68605 shares. The stock had previously closed at $46.29.

Strive 500 ETF Trading Up 0.9%

The company has a market cap of $1.06 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01. The firm has a 50-day moving average price of $43.77 and a 200 day moving average price of $43.97.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in STRV. EverSource Wealth Advisors LLC acquired a new position in shares of Strive 500 ETF in the 4th quarter worth approximately $30,000. HORAN Wealth LLC acquired a new position in shares of Strive 500 ETF in the 3rd quarter worth approximately $245,000. AdvisorNet Financial Inc grew its position in shares of Strive 500 ETF by 52.3% in the 1st quarter. AdvisorNet Financial Inc now owns 7,738 shares of the company’s stock worth $325,000 after acquiring an additional 2,658 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its position in shares of Strive 500 ETF by 15.0% in the 3rd 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 in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Strive 500 ETF by 58.8% in the 3rd quarter. Captrust Financial Advisors now owns 55,715 shares of the company’s stock worth $2,407,000 after acquiring an additional 20,635 shares in 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.