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

Strive 500 ETF (NYSEARCA:STRV)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $45.00 and last traded at $44.4360, with a volume of 270 shares. The stock had previously closed at $44.19.

Strive 500 ETF Price Performance

The firm’s 50 day moving average price is $43.95 and its 200-day moving average price is $42.45. The stock has a market cap of $1.03 billion, a P/E 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. Stockholders of record on Thursday, December 11th were issued a dividend of $0.1246 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, December 11th. This is a positive change from Strive 500 ETF’s previous quarterly dividend of $0.12.

Hedge Funds Weigh In On Strive 500 ETF

Several institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc bought a new position in Strive 500 ETF in the third quarter worth approximately $37,000. Confluence Wealth Services Inc. purchased a new stake in shares of Strive 500 ETF in the 2nd quarter worth $226,000. HORAN Wealth LLC bought a new position in Strive 500 ETF in the 3rd quarter worth $245,000. Parallel Advisors LLC lifted its position in Strive 500 ETF by 21.6% during the second quarter. Parallel Advisors LLC now owns 11,305 shares of the company’s stock valued at $453,000 after purchasing an additional 2,005 shares in the last quarter. 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 valued at $811,000 after purchasing an additional 2,968 shares in 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.