Strive 500 ETF (NYSEARCA:STRV) Trading Down 0.5% – Here’s What Happened

Strive 500 ETF (NYSEARCA:STRV) was down 0.5% during trading on Thursday . The stock traded as low as $36.50 and last traded at $36.60. Approximately 73,002 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 87,864 shares. The stock had previously closed at $36.79.

Strive 500 ETF Trading Down 2.2 %

The business has a fifty day simple moving average of $38.01 and a two-hundred day simple moving average of $37.82. The company has a market cap of $771.99 million, a PE ratio of 24.65 and a beta of 1.01.

Strive 500 ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 28th will be paid a $0.0845 dividend. The ex-dividend date is Friday, March 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ethos Financial Group LLC purchased a new stake in shares of Strive 500 ETF in the 4th quarter valued at approximately $16,144,000. Strive Asset Management LLC acquired a new stake in Strive 500 ETF in the 4th quarter valued at about $499,000. Captrust Financial Advisors lifted its stake in Strive 500 ETF by 35.4% in the third quarter. Captrust Financial Advisors now owns 37,831 shares of the company’s stock worth $1,394,000 after acquiring an additional 9,898 shares during the last quarter. Confluence Wealth Services Inc. purchased a new stake in shares of Strive 500 ETF during the 4th quarter worth $219,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Strive 500 ETF by 6.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 92,242 shares of the company’s stock valued at $3,487,000 after purchasing an additional 5,371 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.