Strive 500 ETF (NYSEARCA:STRV) Hits New 52-Week High – Should You Buy?

Strive 500 ETF (NYSEARCA:STRV)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $48.38 and last traded at $48.34, with a volume of 8670 shares. The stock had previously closed at $47.89.

Strive 500 ETF Stock Performance

The stock has a 50 day moving average of $44.88 and a 200-day moving average of $44.39. The firm has a market capitalization of $1.10 billion, a P/E ratio of 25.66 and a beta of 1.01.

Institutional Investors Weigh In On Strive 500 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STRV. EverSource Wealth Advisors LLC bought a new stake in Strive 500 ETF in the 4th quarter valued at about $30,000. HORAN Wealth LLC bought a new stake in Strive 500 ETF during the 3rd quarter valued at $245,000. AdvisorNet Financial Inc raised its holdings in Strive 500 ETF by 52.3% during the 1st quarter. AdvisorNet Financial Inc now owns 7,738 shares of the company’s stock valued at $325,000 after acquiring an additional 2,658 shares during the period. Pin Oak Investment Advisors Inc. raised its holdings in Strive 500 ETF by 15.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 25,971 shares of the company’s stock valued at $1,122,000 after acquiring an additional 3,390 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Strive 500 ETF by 58.8% during the 3rd quarter. Captrust Financial Advisors now owns 55,715 shares of the company’s stock valued at $2,407,000 after acquiring an additional 20,635 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.