Strive 500 ETF (NYSEARCA:STRV) Sees Strong Trading Volume – Here’s Why

Shares of Strive 500 ETF (NYSEARCA:STRV) saw an uptick in trading volume on Tuesday . 136,592 shares were traded during mid-day trading, an increase of 78% from the previous session’s volume of 76,719 shares.The stock last traded at $43.8250 and had previously closed at $43.88.

Strive 500 ETF Trading Down 0.3%

The firm’s fifty day moving average price is $44.38 and its 200-day moving average price is $43.41. The company 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 disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Thursday, December 11th were given a $0.1246 dividend. The ex-dividend date was Thursday, December 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Strive 500 ETF’s previous quarterly dividend of $0.12.

Hedge Funds Weigh In On Strive 500 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strive Asset Management LLC boosted its holdings in Strive 500 ETF by 5.3% in the third quarter. Strive Asset Management LLC now owns 615,113 shares of the company’s stock valued at $26,573,000 after acquiring an additional 31,171 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Strive 500 ETF by 58.8% in the third quarter. Captrust Financial Advisors now owns 55,715 shares of the company’s stock valued at $2,407,000 after purchasing an additional 20,635 shares in the last quarter. S.A. Mason LLC boosted its position in shares of Strive 500 ETF by 9.1% during the third quarter. S.A. Mason LLC now owns 68,019 shares of the company’s stock worth $2,938,000 after buying an additional 5,693 shares during the period. HORAN Wealth LLC bought a new position in shares of Strive 500 ETF during the third quarter worth about $245,000. Finally, Pin Oak Investment Advisors Inc. raised its position in Strive 500 ETF by 15.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 25,971 shares of the company’s stock valued at $1,122,000 after buying an additional 3,390 shares during the last quarter.

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.