SoFi Select 500 ETF (NYSEARCA:SFY) Reaches New 52-Week High – Should You Buy?

SoFi Select 500 ETF (NYSEARCA:SFY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $155.40 and last traded at $155.2950, with a volume of 1998 shares changing hands. The stock had previously closed at $155.14.

SoFi Select 500 ETF Stock Up 0.1%

The stock has a market cap of $699.05 million, a P/E ratio of -4.84 and a beta of 1.10. The firm’s 50-day moving average is $150.43 and its two-hundred day moving average is $143.79.

SoFi Select 500 ETF Dividend Announcement

The firm also recently declared a semiannual dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were issued a dividend of $0.6344 per share. The ex-dividend date was Monday, June 29th. This represents a dividend yield of 86.0%. SoFi Select 500 ETF’s dividend payout ratio (DPR) is currently -1.90%.

Institutional Investors Weigh In On SoFi Select 500 ETF

An institutional investor recently raised its stake in SoFi Select 500 ETF stock. Sofi Wealth LLC raised its stake in shares of SoFi Select 500 ETF (NYSEARCA:SFY) by 6.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,754,353 shares of the company’s stock after buying an additional 110,408 shares during the period. SoFi Select 500 ETF accounts for approximately 10.6% of Sofi Wealth LLC’s portfolio, making the stock its 2nd biggest holding. Sofi Wealth LLC owned 39.42% of SoFi Select 500 ETF worth $218,978,000 as of its most recent SEC filing. 42.71% of the stock is 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.