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

SoFi Select 500 ETF (NYSEARCA:SFY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $142.04 and last traded at $142.04, with a volume of 11470 shares. The stock had previously closed at $140.67.

SoFi Select 500 ETF Stock Up 1.1%

The company has a market cap of $633.06 million, a PE ratio of -4.43 and a beta of 1.09. The business has a 50-day simple moving average of $131.37 and a 200-day simple moving average of $132.01.

Hedge Funds Weigh In On SoFi Select 500 ETF

A number of hedge funds have recently bought and sold shares of SFY. Marshall Wace LLP purchased a new position in SoFi Select 500 ETF during the second quarter worth approximately $499,000. JPMorgan Chase & Co. purchased a new position in SoFi Select 500 ETF during the third quarter worth approximately $478,000. Nova Wealth Management Inc. boosted its position in SoFi Select 500 ETF by 27.2% during the fourth quarter. Nova Wealth Management Inc. now owns 17,663 shares of the company’s stock worth $2,334,000 after purchasing an additional 3,782 shares in the last quarter. 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, Root Financial Partners LLC purchased a new position in SoFi Select 500 ETF during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors 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.