SoFi Select 500 ETF (NYSEARCA:SFY – Get Free Report) saw an uptick in trading volume on Thursday . 46,635 shares changed hands during mid-day trading, an increase of 97% from the previous session’s volume of 23,719 shares.The stock last traded at $132.8550 and had previously closed at $135.30.
SoFi Select 500 ETF Stock Performance
The business has a 50 day moving average of $133.12 and a 200-day moving average of $129.02. The company has a market capitalization of $575.68 million, a P/E ratio of -4.17 and a beta of 1.07.
Hedge Funds Weigh In On SoFi Select 500 ETF
A number of hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of SoFi Select 500 ETF by 205.5% in the 2nd quarter. Assetmark Inc. now owns 2,517 shares of the company’s stock worth $297,000 after purchasing an additional 1,693 shares in the last quarter. Nova Wealth Management Inc. increased its holdings in SoFi Select 500 ETF by 16.6% in the 3rd quarter. Nova Wealth Management Inc. now owns 13,881 shares of the company’s stock worth $1,793,000 after buying an additional 1,975 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in SoFi Select 500 ETF in the 3rd quarter worth about $478,000. Marshall Wace LLP bought a new position in SoFi Select 500 ETF during the 2nd quarter valued at about $499,000. Finally, Sofi Wealth LLC boosted its holdings in shares of SoFi Select 500 ETF by 0.9% during the 2nd quarter. Sofi Wealth LLC now owns 1,753,995 shares of the company’s stock valued at $207,199,000 after acquiring an additional 16,457 shares during the last quarter. 42.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
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