SoFi Select 500 ETF (NYSEARCA:SFY) Hits New 1-Year High – Time to Buy?

SoFi Select 500 ETF (NYSEARCA:SFY)’s stock price hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $155.91 and last traded at $155.8960, with a volume of 10339 shares. The stock had previously closed at $153.98.

SoFi Select 500 ETF Stock Performance

The firm has a market capitalization of $713.78 million, a price-to-earnings ratio of -4.83 and a beta of 1.10. The firm’s 50 day simple moving average is $151.55 and its 200 day simple moving average is $145.15.

Institutional Trading of SoFi Select 500 ETF

A hedge fund recently raised its stake in SoFi Select 500 ETF stock. Sofi Wealth LLC boosted its stake in SoFi Select 500 ETF (NYSEARCA:SFY) by 6.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,754,353 shares of the company’s stock after acquiring an additional 110,408 shares during the quarter. SoFi Select 500 ETF accounts for about 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 filing with the SEC. Institutional investors and hedge funds own 42.71% of the company’s stock.

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.