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

SoFi Select 500 ETF (NYSEARCA:SFY) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $155.40 and last traded at $155.2950, with a volume of 1998 shares. The stock had previously closed at $155.14.

SoFi Select 500 ETF Trading Up 0.1%

The stock has a fifty day moving average price of $150.43 and a 200 day moving average price of $143.79. The firm has a market cap of $699.05 million, a price-to-earnings ratio of -4.84 and a beta of 1.10.

SoFi Select 500 ETF Announces Dividend

The business also recently declared a semiannual dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a dividend of $0.6344 per share. This represents a yield of 86.0%. The ex-dividend date was Monday, June 29th. SoFi Select 500 ETF’s dividend payout ratio (DPR) is -1.90%.

Institutional Trading of SoFi Select 500 ETF

An institutional investor recently raised its position in SoFi Select 500 ETF stock. Sofi Wealth LLC increased its position in SoFi Select 500 ETF (NYSEARCA:SFY) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,754,353 shares of the company’s stock after acquiring an additional 110,408 shares during the quarter. SoFi Select 500 ETF comprises about 10.6% of Sofi Wealth LLC’s investment portfolio, making the stock its 2nd biggest position. Sofi Wealth LLC owned about 39.42% of SoFi Select 500 ETF worth $218,978,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 42.71% of the company’s stock.

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.