SoFi Select 500 ETF (NYSEARCA:SFY) Hits New 1-Year High – Here’s Why

SoFi Select 500 ETF (NYSEARCA:SFY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $115.15 and last traded at $114.81, with a volume of 7556 shares traded. The stock had previously closed at $114.67.

SoFi Select 500 ETF Trading Up 0.2 %

The firm’s fifty day moving average price is $111.42 and its 200-day moving average price is $82.79. The company has a market cap of $4.65 billion, a P/E ratio of 24.94 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sofi Wealth LLC boosted its position in shares of SoFi Select 500 ETF by 7.0% during the 3rd quarter. Sofi Wealth LLC now owns 32,770,650 shares of the company’s stock valued at $680,974,000 after acquiring an additional 2,135,524 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of SoFi Select 500 ETF during the 4th quarter valued at about $3,690,000. GTS Securities LLC acquired a new stake in shares of SoFi Select 500 ETF during the 4th quarter valued at about $3,156,000. Jane Street Group LLC acquired a new stake in shares of SoFi Select 500 ETF during the 3rd quarter valued at about $582,000. Finally, Fisher Asset Management LLC acquired a new stake in shares of SoFi Select 500 ETF during the 3rd quarter valued at about $348,000.

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.