SoFi Select 500 ETF (NYSEARCA:SFY) Trading Up 0.2% – Here’s What Happened

SoFi Select 500 ETF (NYSEARCA:SFY)’s stock price was up 0.2% during mid-day trading on Wednesday . The stock traded as high as $147.55 and last traded at $147.55. Approximately 16,005 shares changed hands during trading, a decline of 27% from the average session volume of 21,954 shares. The stock had previously closed at $147.31.

SoFi Select 500 ETF Trading Up 0.2%

The stock’s 50 day moving average is $147.14 and its 200 day moving average is $137.31. The stock has a market capitalization of $663.98 million, a price-to-earnings ratio of -4.59 and a beta of 1.10.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SFY. Marshall Wace LLP purchased a new stake in SoFi Select 500 ETF in the 2nd quarter valued at approximately $499,000. Sofi Wealth LLC increased its position in 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 in the last quarter. Root Financial Partners LLC purchased a new position in SoFi Select 500 ETF during the fourth quarter worth $43,000. Pathway Financial Advisers LLC raised its holdings 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, JPMorgan Chase & Co. acquired a new position in shares of SoFi Select 500 ETF in the third quarter worth $478,000. 42.71% of the stock is currently 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.