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

Shares of SoFi Select 500 ETF (NYSEARCA:SFY) hit a new 52-week high on Tuesday . The company traded as high as $142.04 and last traded at $142.04, with a volume of 11470 shares trading hands. The stock had previously closed at $140.67.

SoFi Select 500 ETF Price Performance

The business has a fifty day moving average price of $131.37 and a two-hundred day moving average price of $132.01. The firm has a market capitalization of $633.06 million, a price-to-earnings ratio of -4.43 and a beta of 1.09.

Institutional Trading of SoFi Select 500 ETF

A number of hedge funds have recently modified their holdings of SFY. Marshall Wace LLP purchased a new stake in shares of SoFi Select 500 ETF in the second quarter worth about $499,000. JPMorgan Chase & Co. purchased a new stake in shares of SoFi Select 500 ETF in the third quarter worth about $478,000. Nova Wealth Management Inc. boosted its stake in shares of SoFi Select 500 ETF by 27.2% in the fourth quarter. Nova Wealth Management Inc. now owns 17,663 shares of the company’s stock worth $2,334,000 after buying an additional 3,782 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake 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 worth $705,000 after buying an additional 447 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of SoFi Select 500 ETF in the fourth quarter worth about $43,000. Hedge funds and other 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.