SoFi Select 500 ETF (NYSEARCA:SFY) Reaches New 1-Year High – Here’s Why

Shares of SoFi Select 500 ETF (NYSEARCA:SFY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $149.39 and last traded at $149.39, with a volume of 16747 shares changing hands. The stock had previously closed at $147.49.

SoFi Select 500 ETF Trading Up 0.8%

The company has a 50 day simple moving average of $137.08 and a 200 day simple moving average of $133.90. The stock has a market capitalization of $667.95 million, a PE ratio of -4.67 and a beta of 1.09.

Institutional Investors Weigh In On SoFi Select 500 ETF

Several hedge funds have recently modified their holdings of SFY. Marshall Wace LLP purchased a new position in SoFi Select 500 ETF during the 2nd quarter worth $499,000. Sofi Wealth LLC boosted its holdings in shares of SoFi Select 500 ETF by 6.7% in the first 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 in the last quarter. Root Financial Partners LLC purchased a new stake in shares of SoFi Select 500 ETF in the fourth quarter valued at about $43,000. Pathway Financial Advisers LLC boosted 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 acquiring an additional 447 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of SoFi Select 500 ETF during the third quarter worth about $478,000. 42.71% of the stock is owned by institutional investors and hedge funds.

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.