SoFi Select 500 ETF (NYSEARCA:SFY) Shares Climb 0.8% – Here’s Why

SoFi Select 500 ETF (NYSEARCA:SFY)’s stock price shot up 0.8% during trading on Tuesday. The stock traded as high as $152.77 and last traded at $152.71. Approximately 8,108 shares changed hands during trading, a decline of 57% from the average session volume of 19,051 shares. The stock had previously closed at $151.47.

SoFi Select 500 ETF Stock Performance

The firm has a market cap of $702.47 million, a price-to-earnings ratio of -4.75 and a beta of 1.10. The stock’s fifty day moving average is $152.88 and its two-hundred day moving average is $143.04.

Institutional Investors Weigh In On SoFi Select 500 ETF

A hedge fund recently raised its stake in SoFi Select 500 ETF stock. Sofi Wealth LLC grew its stake in shares of SoFi Select 500 ETF (NYSEARCA:SFY) by 6.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,754,353 shares of the company’s stock after acquiring an additional 110,408 shares during the period. SoFi Select 500 ETF comprises about 10.6% of Sofi Wealth LLC’s portfolio, making the stock its 2nd largest holding. Sofi Wealth LLC owned 39.42% of SoFi Select 500 ETF worth $218,978,000 as of its most recent filing with the SEC. 42.71% of the stock is owned by hedge funds and other institutional investors.

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.