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

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

SoFi Select 500 ETF Price Performance

The company has a market cap of $702.47 million, a PE ratio of -4.75 and a beta of 1.10. The stock has a fifty day moving average price of $152.88 and a 200-day moving average price of $143.04.

Institutional Trading of SoFi Select 500 ETF

An institutional investor recently raised its stake in SoFi Select 500 ETF stock. Sofi Wealth LLC lifted its position in SoFi Select 500 ETF (NYSEARCA:SFY) by 6.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,754,353 shares of the company’s stock after buying an additional 110,408 shares during the quarter. SoFi Select 500 ETF comprises 10.6% of Sofi Wealth LLC’s investment portfolio, making the stock its 2nd largest holding. Sofi Wealth LLC owned 39.42% of SoFi Select 500 ETF worth $218,978,000 at the end of the most recent reporting period. 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.