Strive 500 ETF (NYSEARCA:STRV) Stock Price Down 0.5% – What’s Next?

Shares of Strive 500 ETF (NYSEARCA:STRV) were down 0.5% during trading on Thursday . The company traded as low as $36.50 and last traded at $36.60. Approximately 73,002 shares changed hands 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 Price Performance

The company has a fifty day moving average price of $38.07 and a 200 day moving average price 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.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Stuart Chaussee & Associates Inc. bought a new stake in Strive 500 ETF in the fourth quarter valued at $68,000. Brown Brothers Harriman & Co. bought a new stake in Strive 500 ETF in the 4th quarter valued at about $92,000. Confluence Wealth Services Inc. acquired a new position in Strive 500 ETF during the 4th quarter valued at about $219,000. Strive Asset Management LLC bought 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 shares of Strive 500 ETF by 25.9% in the third quarter. Pin Oak Investment Advisors Inc. now owns 17,540 shares of the company’s stock valued at $646,000 after purchasing an additional 3,605 shares during the period.

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.