SoFi Select 500 ETF (NYSEARCA:SFY) Sets New 1-Year High – Here’s What Happened

Shares of SoFi Select 500 ETF (NYSEARCA:SFY) hit a new 52-week high on Monday . The company traded as high as $146.29 and last traded at $146.29, with a volume of 3105 shares trading hands. The stock had previously closed at $144.08.

SoFi Select 500 ETF Price Performance

The business has a fifty day moving average price of $132.05 and a two-hundred day moving average price of $132.31. The firm has a market capitalization of $654.82 million, a price-to-earnings ratio of -4.58 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SFY. Root Financial Partners LLC acquired a new position in shares of SoFi Select 500 ETF in the fourth quarter valued at about $43,000. JPMorgan Chase & Co. purchased a new position in SoFi Select 500 ETF during the third quarter worth approximately $478,000. Marshall Wace LLP purchased a new position in SoFi Select 500 ETF during the second quarter worth approximately $499,000. Pathway Financial Advisers LLC boosted its position in SoFi Select 500 ETF by 9.1% during the fourth quarter. Pathway Financial Advisers LLC now owns 5,333 shares of the company’s stock worth $705,000 after purchasing an additional 447 shares in the last quarter. Finally, Nova Wealth Management Inc. lifted its position in shares of SoFi Select 500 ETF by 27.2% in the fourth quarter. Nova Wealth Management Inc. now owns 17,663 shares of the company’s stock valued at $2,334,000 after acquiring an additional 3,782 shares in the last quarter. 42.71% of the stock is owned by institutional investors and hedge funds.

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.