Strive 500 ETF (NYSEARCA:STRV) Hits New 12-Month High – Still a Buy?

Strive 500 ETF (NYSEARCA:STRV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $44.65 and last traded at $44.6560, with a volume of 22674 shares trading hands. The stock had previously closed at $44.49.

Strive 500 ETF Stock Performance

The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01. The company has a 50-day simple moving average of $43.77 and a two-hundred day simple moving average of $42.14.

Strive 500 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Thursday, December 11th were given a dividend of $0.1246 per share. 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. The ex-dividend date of this dividend was Thursday, December 11th.

Institutional Investors Weigh In On Strive 500 ETF

A number of large investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc bought a new position in Strive 500 ETF during the third quarter worth $37,000. Confluence Wealth Services Inc. bought a new stake in shares of Strive 500 ETF during the 2nd quarter worth about $226,000. HORAN Wealth LLC acquired a new position in Strive 500 ETF in the 3rd quarter valued at about $245,000. Parallel Advisors LLC raised its holdings in Strive 500 ETF by 21.6% in the 2nd quarter. Parallel Advisors LLC now owns 11,305 shares of the company’s stock valued at $453,000 after acquiring an additional 2,005 shares during the period. Finally, Woodard & Co. Asset Management Group Inc. ADV lifted its position in Strive 500 ETF by 17.2% during the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 20,245 shares of the company’s stock worth $811,000 after acquiring an additional 2,968 shares during the last quarter.

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.