Strive 500 ETF (NYSEARCA:STRV) Reaches New 1-Year Low – Here’s Why

Shares of Strive 500 ETF (NYSEARCA:STRV) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $30.88 and last traded at $31.31, with a volume of 135301 shares changing hands. The stock had previously closed at $32.60.

Strive 500 ETF Trading Down 0.4 %

The company has a 50 day simple moving average of $37.62 and a 200 day simple moving average of $37.82. The stock has a market capitalization of $702.22 million, a PE ratio of 24.88 and a beta of 1.02.

Strive 500 ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were paid a dividend of $0.0845 per share. The ex-dividend date of this dividend was Friday, March 28th.

Hedge Funds Weigh In On Strive 500 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Confluence Wealth Services Inc. acquired a new stake in shares of Strive 500 ETF in the 4th quarter worth $219,000. S.A. Mason LLC raised its holdings in Strive 500 ETF by 5.8% during the fourth quarter. S.A. Mason LLC now owns 57,554 shares of the company’s stock worth $2,176,000 after purchasing an additional 3,144 shares in the last quarter. Captrust Financial Advisors lifted its position in Strive 500 ETF by 35.4% in the third quarter. Captrust Financial Advisors now owns 37,831 shares of the company’s stock valued at $1,394,000 after purchasing an additional 9,898 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in Strive 500 ETF in the 4th quarter valued at approximately $92,000. Finally, Ethos Financial Group LLC acquired a new position in Strive 500 ETF during the 4th quarter worth approximately $16,144,000.

About Strive 500 ETF

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.