SoFi Select 500 ETF (NYSEARCA:SFY) Reaches New 1-Year High – Still a Buy?

SoFi Select 500 ETF (NYSEARCA:SFY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $153.43 and last traded at $153.43, with a volume of 1934 shares changing hands. The stock had previously closed at $152.12.

SoFi Select 500 ETF Price Performance

The stock has a market capitalization of $688.37 million, a price-to-earnings ratio of -4.76 and a beta of 1.10. The stock has a 50-day moving average of $147.72 and a 200 day moving average of $139.08.

Institutional Investors Weigh In On SoFi Select 500 ETF

Several institutional investors have recently modified their holdings of SFY. Sofi Wealth LLC raised its stake in shares of SoFi Select 500 ETF by 6.7% during the first quarter. Sofi Wealth LLC now owns 1,754,353 shares of the company’s stock worth $218,978,000 after buying an additional 110,408 shares during the last quarter. JPMorgan Chase & Co. bought a new position in SoFi Select 500 ETF in the third quarter valued at approximately $478,000. Pathway Financial Advisers LLC boosted its stake in SoFi Select 500 ETF by 9.1% in the fourth quarter. Pathway Financial Advisers LLC now owns 5,333 shares of the company’s stock valued at $705,000 after acquiring an additional 447 shares during the last quarter. Root Financial Partners LLC acquired a new stake in SoFi Select 500 ETF during the 4th quarter worth $43,000. Finally, Marshall Wace LLP acquired a new stake in SoFi Select 500 ETF during the 2nd quarter worth $499,000. Institutional investors and hedge funds own 42.71% of the company’s stock.

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.