SoFi Select 500 ETF (NYSEARCA:SFY) Reaches New 12-Month High – What’s Next?

SoFi Select 500 ETF (NYSEARCA:SFY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $114.25 and last traded at $114.20, with a volume of 52611 shares changing hands. The stock had previously closed at $112.64.

SoFi Select 500 ETF Stock Up 1.2 %

The business has a fifty day moving average of $110.97 and a 200 day moving average of $70.40. The firm has a market cap of $4.62 billion, a P/E ratio of 24.94 and a beta of 1.07.

Institutional Investors Weigh In On SoFi Select 500 ETF

Several hedge funds have recently bought and sold shares of the stock. Fisher Asset Management LLC bought a new stake in SoFi Select 500 ETF during the 3rd quarter worth $348,000. FMR LLC increased its stake in shares of SoFi Select 500 ETF by 106.3% in the third quarter. FMR LLC now owns 17,716 shares of the company’s stock valued at $368,000 after buying an additional 9,130 shares during the period. Jane Street Group LLC bought a new position in SoFi Select 500 ETF in the 3rd quarter valued at approximately $582,000. Finally, Sofi Wealth LLC boosted its position in SoFi Select 500 ETF by 7.0% during the 3rd quarter. Sofi Wealth LLC now owns 32,770,650 shares of the company’s stock worth $680,974,000 after buying an additional 2,135,524 shares during the period.

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.