Strive U.S. Energy ETF (NYSEARCA:DRLL) Stock Price Down 0.9% – Here’s What Happened

Strive U.S. Energy ETF (NYSEARCA:DRLL) traded down 0.9% during trading on Friday . The company traded as low as $29.89 and last traded at $29.92. 94,078 shares traded hands during trading, an increase of 72% from the average session volume of 54,765 shares. The stock had previously closed at $30.19.

Strive U.S. Energy ETF Stock Down 0.9 %

The business’s 50-day moving average price is $28.71 and its 200-day moving average price is $29.40. The firm has a market capitalization of $337.50 million, a PE ratio of 8.39 and a beta of 0.47.

Institutional Investors Weigh In On Strive U.S. Energy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its stake in shares of Strive U.S. Energy ETF by 6.8% in the third quarter. Captrust Financial Advisors now owns 25,670 shares of the company’s stock valued at $721,000 after buying an additional 1,637 shares during the period. Heritage Wealth Management Inc. bought a new position in Strive U.S. Energy ETF during the second quarter worth about $747,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Strive U.S. Energy ETF in the 1st quarter valued at approximately $49,000.

Strive U.S. Energy ETF Company Profile

The Strive U.S. Energy ETF (DRLL) is an exchange-traded fund that mostly invests in energy equity. The fund tracks a market cap-weighted index of US-listed stocks from the broad energy sector. The fund aims to influence companies to prioritize returns through shareholder engagement and proxy voting, without regard to ESG agendas.