SoFi Select 500 ETF (NYSEARCA:SFY) Reaches New 52-Week High – Here’s What Happened

SoFi Select 500 ETF (NYSEARCA:SFY) hit a new 52-week high during trading on Friday . The stock traded as high as $108.06 and last traded at $108.06, with a volume of 3155 shares traded. The stock had previously closed at $106.89.

SoFi Select 500 ETF Stock Up 0.4 %

The company’s 50-day moving average is $49.37 and its two-hundred day moving average is $29.67. The company has a market capitalization of $4.35 billion, a P/E ratio of 24.94 and a beta of 1.07.

Hedge Funds Weigh In On SoFi Select 500 ETF

An institutional investor recently raised its position in SoFi Select 500 ETF stock. Sofi Wealth LLC boosted its position in SoFi Select 500 ETF (NYSEARCA:SFY) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,635,126 shares of the company’s stock after buying an additional 1,370,977 shares during the quarter. SoFi Select 500 ETF makes up approximately 51.0% of Sofi Wealth LLC’s portfolio, making the stock its biggest position. Sofi Wealth LLC owned about 75.64% of SoFi Select 500 ETF worth $608,414,000 at the end of the most recent quarter.

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.