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

Shares of SoFi Select 500 ETF (NYSEARCA:SFY) reached a new 52-week high on Wednesday . The company traded as high as $136.13 and last traded at $136.13, with a volume of 9655 shares. The stock had previously closed at $135.43.

SoFi Select 500 ETF Stock Performance

The firm has a market capitalization of $610.05 million, a price-to-earnings ratio of -4.27 and a beta of 1.08. The business has a fifty day moving average of $129.88 and a two-hundred day moving average of $131.29.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC bought a new stake in SoFi Select 500 ETF in the 4th quarter valued at $43,000. Pathway Financial Advisers LLC boosted its stake in SoFi Select 500 ETF by 9.1% in the 4th quarter. Pathway Financial Advisers LLC now owns 5,333 shares of the company’s stock valued at $705,000 after purchasing an additional 447 shares during the period. JPMorgan Chase & Co. bought a new stake in SoFi Select 500 ETF in the 3rd quarter valued at $478,000. Nova Wealth Management Inc. boosted its stake in SoFi Select 500 ETF by 27.2% in the 4th quarter. Nova Wealth Management Inc. now owns 17,663 shares of the company’s stock valued at $2,334,000 after purchasing an additional 3,782 shares during the period. Finally, Marshall Wace LLP bought a new stake in SoFi Select 500 ETF in the 2nd quarter valued at $499,000. 42.71% of the stock is owned by institutional investors and hedge funds.

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.