SoFi Select 500 ETF (NYSEARCA:SFY) Hits New 52-Week High – What’s Next?

SoFi Select 500 ETF (NYSEARCA:SFY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $114.25 and last traded at $114.20, with a volume of 52611 shares traded. The stock had previously closed at $112.64.

SoFi Select 500 ETF Trading Down 0.5 %

The company has a 50 day simple moving average of $111.19 and a two-hundred day simple moving average of $71.65. The firm has a market capitalization of $4.62 billion, a P/E ratio of 24.94 and a beta of 1.07.

Institutional Trading of SoFi Select 500 ETF

Large investors have recently added to or reduced their stakes in the company. Sofi Wealth LLC raised its position in SoFi Select 500 ETF by 7.0% during the third quarter. Sofi Wealth LLC now owns 32,770,650 shares of the company’s stock valued at $680,974,000 after purchasing an additional 2,135,524 shares during the period. Jane Street Group LLC bought a new position in SoFi Select 500 ETF during the 3rd quarter valued at about $582,000. FMR LLC grew its stake in shares of SoFi Select 500 ETF by 106.3% during the third quarter. FMR LLC now owns 17,716 shares of the company’s stock valued at $368,000 after buying an additional 9,130 shares during the last quarter. Finally, Fisher Asset Management LLC purchased a new stake in shares of SoFi Select 500 ETF during the third quarter valued at $348,000.

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.