SoFi Select 500 ETF (NYSEARCA:SFY) Sees Unusually-High Trading Volume

Shares of SoFi Select 500 ETF (NYSEARCA:SFY) saw an uptick in trading volume on Monday . 185,753 shares traded hands during trading, a decline of 7% from the previous session’s volume of 199,932 shares.The stock last traded at $17.64 and had previously closed at $17.63.

SoFi Select 500 ETF Trading Up 1.3 %

The firm’s 50 day simple moving average is $18.16 and its two-hundred day simple moving average is $17.00. The firm has a market cap of $690.82 million, a price-to-earnings ratio of 23.95 and a beta of 1.06.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SFY. Sofi Wealth LLC boosted its stake in shares of SoFi Select 500 ETF by 3.7% in the third quarter. Sofi Wealth LLC now owns 26,606,363 shares of the company’s stock valued at $406,811,000 after buying an additional 942,184 shares during the period. Centric Wealth Management bought a new stake in shares of SoFi Select 500 ETF during the 4th quarter valued at $780,000. Tower Research Capital LLC TRC acquired a new stake in shares of SoFi Select 500 ETF during the 3rd quarter worth $498,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of SoFi Select 500 ETF during the 4th quarter worth $216,000. Finally, Assetmark Inc. bought a new position in shares of SoFi Select 500 ETF in the third quarter worth $141,000.

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.