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

SoFi Select 500 ETF (NYSEARCA:SFY) reached a new 52-week high during trading on Tuesday . The company traded as high as $153.72 and last traded at $153.05, with a volume of 14183 shares. The stock had previously closed at $153.43.

SoFi Select 500 ETF Trading Up 0.7%

The company has a market capitalization of $691.83 million, a PE ratio of -4.78 and a beta of 1.10. The stock’s fifty day moving average is $147.94 and its two-hundred day moving average is $139.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sofi Wealth LLC grew its position in shares of SoFi Select 500 ETF by 6.7% during the 1st quarter. Sofi Wealth LLC now owns 1,754,353 shares of the company’s stock valued at $218,978,000 after acquiring an additional 110,408 shares during the period. JPMorgan Chase & Co. purchased a new position in SoFi Select 500 ETF in the third quarter valued at approximately $478,000. Marshall Wace LLP purchased a new position in SoFi Select 500 ETF in the second quarter valued at approximately $499,000. Root Financial Partners LLC bought a new position in SoFi Select 500 ETF during the fourth quarter valued at $43,000. Finally, Pathway Financial Advisers LLC raised its stake in shares of 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 buying an additional 447 shares during the period. 42.71% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Select 500 ETF Company Profile

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.