SoFi Select 500 ETF (NYSEARCA:SFY) Reaches New 12-Month High – Here’s Why

SoFi Select 500 ETF (NYSEARCA:SFY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $109.49 and last traded at $109.49, with a volume of 2968 shares trading hands. The stock had previously closed at $106.97.

SoFi Select 500 ETF Price Performance

The stock’s 50 day moving average is $63.16 and its 200-day moving average is $34.81. The company has a market capitalization of $4.47 billion, a P/E ratio of 24.94 and a beta of 1.07.

Hedge Funds Weigh In On SoFi Select 500 ETF

A hedge fund recently raised its stake in SoFi Select 500 ETF stock. Sofi Wealth LLC increased its position in shares of SoFi Select 500 ETF (NYSEARCA:SFY) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,770,650 shares of the company’s stock after purchasing an additional 2,135,524 shares during the period. SoFi Select 500 ETF accounts for 50.1% of Sofi Wealth LLC’s portfolio, making the stock its largest holding. Sofi Wealth LLC owned 80.92% of SoFi Select 500 ETF worth $680,974,000 at the end of the most recent 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.