SoFi Select 500 ETF (NYSEARCA:SFY) Sets New 12-Month High – Here’s What Happened

SoFi Select 500 ETF (NYSEARCA:SFY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $139.06 and last traded at $138.41, with a volume of 12417 shares changing hands. The stock had previously closed at $138.56.

SoFi Select 500 ETF Stock Performance

The firm’s 50 day simple moving average is $130.11 and its 200-day simple moving average is $131.45. The company has a market capitalization of $613.61 million, a price-to-earnings ratio of -4.29 and a beta of 1.08.

Hedge Funds Weigh In On SoFi Select 500 ETF

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 worth $43,000. JPMorgan Chase & Co. acquired a new position in shares of SoFi Select 500 ETF in the third quarter worth $478,000. Marshall Wace LLP acquired a new position in shares of SoFi Select 500 ETF in the second quarter worth $499,000. Pathway Financial Advisers LLC increased its stake in shares of 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 worth $705,000 after acquiring an additional 447 shares during the last quarter. Finally, Nova Wealth Management Inc. increased its stake 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 worth $2,334,000 after acquiring an additional 3,782 shares during 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.