SoFi Select 500 ETF (NYSEARCA:SFY) Sets New 52-Week High – Should You Buy?

SoFi Select 500 ETF (NYSEARCA:SFY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $114.25 and last traded at $114.20, with a volume of 52611 shares traded. The stock had previously closed at $112.64.

SoFi Select 500 ETF Stock Performance

The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 24.94 and a beta of 1.07. The company has a fifty day simple moving average of $110.97 and a 200 day simple moving average of $70.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SFY. FMR LLC grew its stake in SoFi Select 500 ETF by 106.3% during the third quarter. FMR LLC now owns 17,716 shares of the company’s stock worth $368,000 after purchasing an additional 9,130 shares during the period. Fisher Asset Management LLC bought a new position in shares of SoFi Select 500 ETF during the 3rd quarter worth approximately $348,000. Jane Street Group LLC bought a new stake in shares of SoFi Select 500 ETF in the 3rd quarter valued at $582,000. Finally, Sofi Wealth LLC boosted its stake in SoFi Select 500 ETF by 7.0% during the third quarter. Sofi Wealth LLC now owns 32,770,650 shares of the company’s stock worth $680,974,000 after acquiring an additional 2,135,524 shares in the last quarter.

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.