SoFi Select 500 ETF (NYSEARCA:SFY) Hits New 1-Year High – Time to Buy?

SoFi Select 500 ETF (NYSEARCA:SFY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $153.43 and last traded at $153.43, with a volume of 1934 shares trading hands. The stock had previously closed at $152.12.

SoFi Select 500 ETF Trading Down 0.2%

The stock’s fifty day moving average price is $147.83 and its 200-day moving average price is $139.33. The firm has a market cap of $683.68 million, a price-to-earnings ratio of -4.73 and a beta of 1.10.

Institutional Investors Weigh In On SoFi Select 500 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sofi Wealth LLC lifted its stake in SoFi Select 500 ETF by 6.7% during the first quarter. Sofi Wealth LLC now owns 1,754,353 shares of the company’s stock worth $218,978,000 after purchasing an additional 110,408 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of SoFi Select 500 ETF during the second quarter worth $499,000. JPMorgan Chase & Co. acquired a new stake in shares of SoFi Select 500 ETF in the third quarter valued at $478,000. Pathway Financial Advisers LLC grew 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 valued at $705,000 after buying an additional 447 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of SoFi Select 500 ETF in the fourth quarter valued at $43,000. Hedge funds and other institutional investors 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.