Shares of SoFi Select 500 ETF (NYSEARCA:SFY – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $135.83 and last traded at $135.4450, with a volume of 6927 shares. The stock had previously closed at $135.17.
SoFi Select 500 ETF Stock Performance
The firm has a 50 day moving average price of $132.68 and a two-hundred day moving average price of $128.84. The company has a market capitalization of $581.55 million, a P/E ratio of -4.21 and a beta of 1.07.
Institutional Investors Weigh In On SoFi Select 500 ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. increased its stake in shares of SoFi Select 500 ETF by 205.5% in the 2nd quarter. Assetmark Inc. now owns 2,517 shares of the company’s stock valued at $297,000 after buying an additional 1,693 shares during the period. JPMorgan Chase & Co. bought a new stake in SoFi Select 500 ETF in the third quarter valued at approximately $478,000. Marshall Wace LLP acquired a new stake in SoFi Select 500 ETF during the 2nd quarter worth $499,000. Nova Wealth Management Inc. raised its position in shares of SoFi Select 500 ETF by 16.6% during the third quarter. Nova Wealth Management Inc. now owns 13,881 shares of the company’s stock worth $1,793,000 after purchasing an additional 1,975 shares during the period. Finally, Sofi Wealth LLC raised its holdings in SoFi Select 500 ETF by 0.9% during the 2nd quarter. Sofi Wealth LLC now owns 1,753,995 shares of the company’s stock worth $207,199,000 after buying an additional 16,457 shares during the period. Institutional investors and hedge funds own 42.71% of the company’s stock.
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.
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