SoFi Select 500 ETF (NYSEARCA:SFY) Shares Down 1.2% – Should You Sell?

SoFi Select 500 ETF (NYSEARCA:SFY) shares traded down 1.2% during mid-day trading on Tuesday . The company traded as low as $148.91 and last traded at $148.95. Approximately 17,007 shares traded hands during trading, a decline of 23% from the average daily volume of 21,991 shares. The stock had previously closed at $150.75.

SoFi Select 500 ETF Trading Up 1.7%

The company has a market cap of $666.97 million, a price-to-earnings ratio of -4.66 and a beta of 1.10. The firm’s fifty day moving average price is $144.07 and its 200-day moving average price is $135.82.

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 acquired a new stake in shares of SoFi Select 500 ETF in the 4th quarter valued at about $43,000. JPMorgan Chase & Co. bought a new position in SoFi Select 500 ETF during the third quarter worth about $478,000. Marshall Wace LLP acquired a new position in shares of SoFi Select 500 ETF during the 2nd quarter worth approximately $499,000. Pathway Financial Advisers LLC increased its holdings 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 purchasing an additional 447 shares during the last quarter. Finally, Nova Wealth Management Inc. grew its stake in SoFi Select 500 ETF by 27.2% in the 4th quarter. Nova Wealth Management Inc. now owns 17,663 shares of the company’s stock valued at $2,334,000 after buying an additional 3,782 shares during the last quarter. Institutional investors 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.