SoFi Select 500 ETF (NYSEARCA:SFY) Stock Breaks Above 200 Day Moving Average – Time to Sell?

SoFi Select 500 ETF (NYSEARCA:SFY)’s share price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $143.67 and traded as high as $146.17. SoFi Select 500 ETF shares last traded at $145.75, with a volume of 17,118 shares traded.

SoFi Select 500 ETF Trading Up 2.0%

The stock’s 50-day moving average price is $151.89 and its 200-day moving average price is $143.80. The stock has a market cap of $679.01 million, a price-to-earnings ratio of -4.59 and a beta of 1.11.

Institutional Trading of SoFi Select 500 ETF

A hedge fund recently raised its position in SoFi Select 500 ETF stock. Sofi Wealth LLC grew its holdings in SoFi Select 500 ETF (NYSEARCA:SFY) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,754,353 shares of the company’s stock after purchasing an additional 110,408 shares during the quarter. SoFi Select 500 ETF comprises about 10.6% of Sofi Wealth LLC’s portfolio, making the stock its 2nd biggest position. Sofi Wealth LLC owned approximately 39.42% of SoFi Select 500 ETF worth $218,978,000 at the end of the most recent quarter. 42.71% of the stock is owned by hedge funds and other institutional investors.

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.