Strive 500 ETF (NYSEARCA:STRV) Sees Unusually-High Trading Volume – Still a Buy?

Strive 500 ETF (NYSEARCA:STRV) saw strong trading volume on Tuesday . 74,491 shares were traded during trading, a decline of 20% from the previous session’s volume of 92,792 shares.The stock last traded at $43.1840 and had previously closed at $43.24.

Strive 500 ETF Stock Performance

The business has a 50 day simple moving average of $43.39 and a two-hundred day simple moving average of $41.31. The firm has a market capitalization of $1.03 billion, a P/E ratio of 25.66 and a beta of 1.01.

Institutional Investors Weigh In On Strive 500 ETF

Several hedge funds have recently bought and sold shares of STRV. S.A. Mason LLC raised its position in shares of Strive 500 ETF by 4.2% during the 2nd quarter. S.A. Mason LLC now owns 62,326 shares of the company’s stock valued at $2,497,000 after buying an additional 2,492 shares in the last quarter. Confluence Wealth Services Inc. bought a new position in Strive 500 ETF in the second quarter valued at $226,000. Pin Oak Investment Advisors Inc. raised its position in Strive 500 ETF by 13.8% during the second quarter. Pin Oak Investment Advisors Inc. now owns 22,581 shares of the company’s stock valued at $905,000 after purchasing an additional 2,747 shares in the last quarter. Parallel Advisors LLC lifted its stake in Strive 500 ETF by 21.6% during the second quarter. Parallel Advisors LLC now owns 11,305 shares of the company’s stock worth $453,000 after purchasing an additional 2,005 shares during the last quarter. Finally, Strive Asset Management LLC lifted its stake in Strive 500 ETF by 1,578.5% during the first quarter. Strive Asset Management LLC now owns 221,475 shares of the company’s stock worth $7,986,000 after purchasing an additional 208,280 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.