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

SoFi Select 500 ETF (NYSEARCA:SFY)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $118.25 and last traded at $118.25, with a volume of 101 shares trading hands. The stock had previously closed at $112.63.

SoFi Select 500 ETF Stock Performance

The firm has a fifty day simple moving average of $110.28 and a two-hundred day simple moving average of $58.44. The firm has a market cap of $4.51 billion, a PE ratio of 24.94 and a beta of 1.07.

Hedge Funds Weigh In On SoFi Select 500 ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Sofi Wealth LLC increased its position in shares of SoFi Select 500 ETF by 7.0% during the 3rd quarter. Sofi Wealth LLC now owns 32,770,650 shares of the company’s stock valued at $680,974,000 after purchasing an additional 2,135,524 shares during the last quarter. Fisher Asset Management LLC purchased a new position in SoFi Select 500 ETF during the third quarter worth $348,000. FMR LLC increased its position in SoFi Select 500 ETF by 106.3% during the third quarter. FMR LLC now owns 17,716 shares of the company’s stock valued at $368,000 after acquiring an additional 9,130 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of SoFi Select 500 ETF in the third quarter valued at $582,000.

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.