Strive U.S. Semiconductor ETF (NYSEARCA:SHOC) Stock Price Down 0.4% – Here’s What Happened

Strive U.S. Semiconductor ETF (NYSEARCA:SHOC)’s share price was down 0.4% on Friday . The company traded as low as $103.89 and last traded at $104.35. 7,142 shares changed hands during trading, a decline of 62% from the average session volume of 18,551 shares. The stock had previously closed at $104.77.

Strive U.S. Semiconductor ETF Stock Performance

The firm has a market cap of $233.74 million, a price-to-earnings ratio of 41.80 and a beta of 1.96. The firm’s 50 day moving average is $109.63 and its 200-day moving average is $95.54.

Institutional Trading of Strive U.S. Semiconductor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Strive U.S. Semiconductor ETF by 76,632.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 42,970 shares of the company’s stock valued at $2,949,000 after acquiring an additional 42,914 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in Strive U.S. Semiconductor ETF by 16.0% during the fourth quarter. Orion Porfolio Solutions LLC now owns 34,541 shares of the company’s stock worth $2,370,000 after purchasing an additional 4,761 shares during the period. LPL Financial LLC grew its holdings in Strive U.S. Semiconductor ETF by 2.0% during the fourth quarter. LPL Financial LLC now owns 31,942 shares of the company’s stock valued at $2,192,000 after purchasing an additional 622 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Strive U.S. Semiconductor ETF by 11.6% in the first quarter. Cetera Investment Advisers now owns 27,770 shares of the company’s stock valued at $2,000,000 after purchasing an additional 2,879 shares during the period. Finally, Demars Financial Group LLC raised its position in shares of Strive U.S. Semiconductor ETF by 89.1% in the first quarter. Demars Financial Group LLC now owns 27,360 shares of the company’s stock valued at $1,971,000 after purchasing an additional 12,894 shares during the period.

Strive U.S. Semiconductor ETF Company Profile

The Strive U.S. Semiconductor ETF (SHOC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market cap-weighted index of the 30 largest semiconductor companies in the US equity market. SHOC was launched on Oct 6, 2022 and is managed by Strive.