Strive 500 ETF (NYSEARCA:STRV) Trading Down 0.5% – Time to Sell?

Strive 500 ETF (NYSEARCA:STRV)’s stock price fell 0.5% on Thursday . The stock traded as low as $36.50 and last traded at $36.60. 73,002 shares were traded during trading, a decline of 17% from the average session volume of 87,864 shares. The stock had previously closed at $36.79.

Strive 500 ETF Price Performance

The business has a 50-day moving average of $38.07 and a 200-day moving average of $37.81. The company has a market capitalization of $789.46 million, a P/E ratio of 24.65 and a beta of 1.01.

Hedge Funds Weigh In On Strive 500 ETF

Several hedge funds have recently added to or reduced their stakes in STRV. Stuart Chaussee & Associates Inc. purchased a new position in Strive 500 ETF during the 4th quarter valued at $68,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Strive 500 ETF during the fourth quarter valued at $92,000. Confluence Wealth Services Inc. purchased a new stake in shares of Strive 500 ETF during the fourth quarter valued at $219,000. Strive Asset Management LLC purchased a new position in Strive 500 ETF in the 4th quarter worth about $499,000. Finally, Pin Oak Investment Advisors Inc. increased its stake in Strive 500 ETF by 25.9% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 17,540 shares of the company’s stock worth $646,000 after buying an additional 3,605 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.