Sofi Wealth LLC Has $217.26 Million Stock Holdings in SoFi Select 500 ETF $SFY

Sofi Wealth LLC lowered its stake in SoFi Select 500 ETF (NYSEARCA:SFY) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,643,945 shares of the company’s stock after selling 89,723 shares during the quarter. SoFi Select 500 ETF comprises 10.8% of Sofi Wealth LLC’s investment portfolio, making the stock its 3rd largest holding. Sofi Wealth LLC owned about 0.38% of SoFi Select 500 ETF worth $217,264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in SoFi Select 500 ETF during the 3rd quarter valued at $478,000. Nova Wealth Management Inc. increased its stake in SoFi Select 500 ETF by 27.2% during 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 in the last quarter. Finally, Marshall Wace LLP bought a new stake in SoFi Select 500 ETF during the 2nd quarter valued at $499,000. Institutional investors own 42.71% of the company’s stock.

SoFi Select 500 ETF Trading Up 0.5%

Shares of SFY stock opened at $140.39 on Thursday. The firm has a market capitalization of $624.74 million, a PE ratio of -4.37 and a beta of 1.08. The firm has a fifty day simple moving average of $131.19 and a two-hundred day simple moving average of $131.91. SoFi Select 500 ETF has a 12 month low of $99.83 and a 12 month high of $140.99.

SoFi Select 500 ETF 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.