Strive 500 ETF (NYSEARCA:STRV) Hits New 52-Week Low – Time to Sell?

Strive 500 ETF (NYSEARCA:STRV) shares hit a new 52-week low on Monday . The company 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 Stock Performance

The company’s 50-day moving average price is $37.62 and its 200-day moving average price is $37.82. The firm 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 disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were issued a dividend of $0.0845 per share. The ex-dividend date was Friday, March 28th.

Institutional Trading of Strive 500 ETF

Several institutional investors have recently modified their holdings of STRV. Captrust Financial Advisors grew its stake in Strive 500 ETF by 35.4% during the 3rd quarter. Captrust Financial Advisors now owns 37,831 shares of the company’s stock worth $1,394,000 after buying an additional 9,898 shares during the last quarter. Future Financial Wealth Managment LLC increased its holdings in shares of Strive 500 ETF by 6.7% in the 4th quarter. Future Financial Wealth Managment LLC now owns 18,212 shares of the company’s stock valued at $688,000 after acquiring an additional 1,137 shares during the period. Janney Montgomery Scott LLC raised its position in Strive 500 ETF by 6.2% in the 4th 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 during the last quarter. S.A. Mason LLC raised its position in Strive 500 ETF by 5.8% in the 4th quarter. S.A. Mason LLC now owns 57,554 shares of the company’s stock valued at $2,176,000 after purchasing an additional 3,144 shares during the last quarter. Finally, Confluence Wealth Services Inc. acquired a new stake in Strive 500 ETF during the 4th quarter worth $219,000.

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.