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

SoFi Select 500 ETF (NYSEARCA:SFY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $149.39 and last traded at $149.39, with a volume of 16747 shares changing hands. The stock had previously closed at $147.49.

SoFi Select 500 ETF Stock Up 1.0%

The stock has a market capitalization of $662.83 million, a price-to-earnings ratio of -4.64 and a beta of 1.09. The company has a 50 day moving average of $135.85 and a 200 day moving average of $133.53.

Institutional Investors Weigh In On SoFi Select 500 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in SoFi Select 500 ETF during the fourth quarter worth about $43,000. Pathway Financial Advisers LLC increased its stake in SoFi Select 500 ETF by 9.1% during 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. JPMorgan Chase & Co. acquired a new stake in SoFi Select 500 ETF during the third quarter worth about $478,000. Nova Wealth Management Inc. increased its stake in SoFi Select 500 ETF by 27.2% during 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. Finally, Marshall Wace LLP acquired a new stake in SoFi Select 500 ETF during the second quarter worth about $499,000. 42.71% of the stock is currently owned by institutional investors and hedge funds.

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.