SoFi Select 500 ETF (NYSEARCA:SFY) Reaches New 12-Month High – Here’s What Happened

Shares of SoFi Select 500 ETF (NYSEARCA:SFY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $139.06 and last traded at $138.41, with a volume of 12417 shares changing hands. The stock had previously closed at $138.56.

SoFi Select 500 ETF Stock Down 0.7%

The business has a 50-day moving average price of $130.34 and a 200-day moving average price of $131.56. The firm has a market capitalization of $617.22 million, a PE ratio of -4.32 and a beta of 1.08.

Institutional Investors Weigh In On SoFi Select 500 ETF

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in shares of SoFi Select 500 ETF in the fourth quarter valued at approximately $43,000. JPMorgan Chase & Co. purchased a new stake in shares of SoFi Select 500 ETF in the third quarter valued at approximately $478,000. Marshall Wace LLP purchased a new stake in shares of SoFi Select 500 ETF in the second quarter valued at approximately $499,000. Pathway Financial Advisers LLC lifted its holdings in SoFi Select 500 ETF by 9.1% in the fourth quarter. Pathway Financial Advisers LLC now owns 5,333 shares of the company’s stock valued at $705,000 after acquiring an additional 447 shares during the last quarter. Finally, Nova Wealth Management Inc. lifted its holdings in SoFi Select 500 ETF by 27.2% in the fourth quarter. Nova Wealth Management Inc. now owns 17,663 shares of the company’s stock valued at $2,334,000 after acquiring an additional 3,782 shares during the last quarter. 42.71% of the stock is currently owned by hedge funds and other institutional investors.

About SoFi Select 500 ETF

The SoFi Select 500 ETF (SFY) is an exchange-traded fund that is based on the Solactive SoFi US 500 Growth index. The fund tracks a multi-factor-weighted index of US large-cap equities selected by market-cap. SFY was launched on Apr 11, 2019 and is managed by SoFi.