Sofi Wealth LLC Sells 89,723 Shares of SoFi Select 500 ETF $SFY

Sofi Wealth LLC cut its holdings in shares of SoFi Select 500 ETF (NYSEARCA:SFY) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,643,945 shares of the company’s stock after selling 89,723 shares during the period. SoFi Select 500 ETF comprises approximately 10.8% of Sofi Wealth LLC’s portfolio, making the stock its 3rd largest position. Sofi Wealth LLC owned 38.23% of SoFi Select 500 ETF worth $217,264,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Nova Wealth Management Inc. boosted its position in SoFi Select 500 ETF by 27.2% during the 4th 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 period. JPMorgan Chase & Co. acquired a new position in shares of SoFi Select 500 ETF in the 3rd quarter worth approximately $478,000. Finally, Marshall Wace LLP acquired a new position in shares of SoFi Select 500 ETF in the 2nd quarter worth approximately $499,000. 42.71% of the stock is currently owned by institutional investors and hedge funds.

SoFi Select 500 ETF Stock Performance

Shares of NYSEARCA SFY opened at $140.39 on Thursday. The company has a market capitalization of $624.74 million, a P/E ratio of -4.37 and a beta of 1.08. SoFi Select 500 ETF has a 52-week low of $99.83 and a 52-week high of $140.99. The company’s 50 day moving average price is $131.19 and its 200-day moving average price is $131.91.

SoFi Select 500 ETF 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.