SoFi Select 500 ETF (NYSEARCA:SFY) Sets New 12-Month High – Time to Buy?

Shares of SoFi Select 500 ETF (NYSEARCA:SFY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $115.15 and last traded at $114.81, with a volume of 7556 shares changing hands. The stock had previously closed at $114.67.

SoFi Select 500 ETF Stock Down 0.5 %

The firm has a market capitalization of $4.63 billion, a PE ratio of 24.94 and a beta of 1.07. The company’s 50-day simple moving average is $111.53 and its 200 day simple moving average is $83.69.

Institutional Trading of SoFi Select 500 ETF

Several hedge funds have recently modified their holdings of the company. GTS Securities LLC purchased a new position in shares of SoFi Select 500 ETF in the 4th quarter valued at approximately $3,156,000. Advisors Capital Management LLC purchased a new position in shares of SoFi Select 500 ETF in the 4th quarter valued at approximately $653,000. Centric Wealth Management raised its position in SoFi Select 500 ETF by 8.2% during the 4th quarter. Centric Wealth Management now owns 9,685 shares of the company’s stock worth $1,054,000 after buying an additional 731 shares during the last quarter. Assetmark Inc. purchased a new position in SoFi Select 500 ETF during the 4th quarter worth approximately $28,000. Finally, Concurrent Investment Advisors LLC purchased a new position in SoFi Select 500 ETF during the 4th quarter worth approximately $3,690,000.

About SoFi Select 500 ETF

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.