SoFi Select 500 ETF (NYSEARCA:SFY) Shares Up 0.8% – Still a Buy?

SoFi Select 500 ETF (NYSEARCA:SFY)’s share price shot up 0.8% during mid-day trading on Tuesday. The company traded as high as $152.77 and last traded at $152.71. 8,108 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 19,051 shares. The stock had previously closed at $151.47.

SoFi Select 500 ETF Price Performance

The stock has a market cap of $701.45 million, a price-to-earnings ratio of -4.75 and a beta of 1.10. The firm’s 50-day moving average is $152.90 and its 200 day moving average is $143.14.

Institutional Trading of SoFi Select 500 ETF

An institutional investor recently raised its position in SoFi Select 500 ETF stock. Sofi Wealth LLC increased its stake in shares of SoFi Select 500 ETF (NYSEARCA:SFY) by 6.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,754,353 shares of the company’s stock after acquiring an additional 110,408 shares during the period. SoFi Select 500 ETF makes up approximately 10.6% of Sofi Wealth LLC’s holdings, making the stock its 2nd largest holding. Sofi Wealth LLC owned about 39.42% of SoFi Select 500 ETF worth $218,978,000 at the end of the most recent reporting period. Institutional investors own 42.71% of the company’s stock.

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.