SoFi Select 500 ETF (NYSEARCA:SFY) Hits New 52-Week High – Still a Buy?

SoFi Select 500 ETF (NYSEARCA:SFY) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $108.06 and last traded at $108.06, with a volume of 3155 shares traded. The stock had previously closed at $106.89.

SoFi Select 500 ETF Stock Performance

The company has a 50-day moving average of $51.11 and a 200 day moving average of $30.37. The firm has a market cap of $4.33 billion, a P/E ratio of 24.94 and a beta of 1.07.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SoFi Select 500 ETF stock. Sofi Wealth LLC grew its position in SoFi Select 500 ETF (NYSEARCA:SFY) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,635,126 shares of the company’s stock after acquiring an additional 1,370,977 shares during the period. SoFi Select 500 ETF accounts for 51.0% of Sofi Wealth LLC’s portfolio, making the stock its largest holding. Sofi Wealth LLC owned about 75.64% of SoFi Select 500 ETF worth $608,414,000 at the end of the most recent quarter.

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.