Strive U.S. Energy ETF (NYSEARCA:DRLL) Trading 1.8% Higher – Still a Buy?

Strive U.S. Energy ETF (NYSEARCA:DRLL)’s stock price traded up 1.8% during trading on Wednesday . The stock traded as high as $34.31 and last traded at $34.27. 12,507 shares traded hands during trading, a decline of 51% from the average session volume of 25,297 shares. The stock had previously closed at $33.65.

Strive U.S. Energy ETF Stock Up 1.8%

The company’s fifty day moving average price is $30.51 and its 200-day moving average price is $29.23. The stock has a market capitalization of $281.70 million, a PE ratio of 15.14 and a beta of 0.77.

Strive U.S. Energy ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were paid a $0.2052 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 11th.

Institutional Trading of Strive U.S. Energy ETF

Several institutional investors have recently bought and sold shares of DRLL. Flow Traders U.S. LLC purchased a new position in Strive U.S. Energy ETF in the second quarter worth about $812,000. Jones Financial Companies Lllp raised its holdings in Strive U.S. Energy ETF by 13.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,960 shares of the company’s stock worth $806,000 after acquiring an additional 3,299 shares during the last quarter. Heritage Wealth Management Inc. purchased a new position in Strive U.S. Energy ETF in the 2nd quarter worth approximately $312,000. Finally, Farther Finance Advisors LLC raised its holdings in Strive U.S. Energy ETF by 57.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,115 shares of the company’s stock worth $32,000 after acquiring an additional 406 shares during the last quarter.

About Strive U.S. Energy ETF

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. DRLL was launched on Aug 9, 2022 and is managed by Strive.