SoFi Select 500 ETF (NYSEARCA:SFY) Trading Down 0.7% – What’s Next?

SoFi Select 500 ETF (NYSEARCA:SFY)’s share price dropped 0.7% on Tuesday . The company traded as low as $152.44 and last traded at $152.54. 18,393 shares were traded during mid-day trading, a decline of 9% from the average session volume of 20,222 shares. The stock had previously closed at $153.54.

SoFi Select 500 ETF Stock Down 1.0%

The company has a market capitalization of $676.71 million, a PE ratio of -4.68 and a beta of 1.10. The stock has a 50-day moving average of $149.89 and a 200 day moving average of $142.70.

SoFi Select 500 ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sofi Wealth LLC boosted its stake in shares of SoFi Select 500 ETF by 6.7% in the 1st quarter. Sofi Wealth LLC now owns 1,754,353 shares of the company’s stock valued at $218,978,000 after purchasing an additional 110,408 shares in the last quarter. Marshall Wace LLP purchased a new position in SoFi Select 500 ETF in the 2nd quarter worth $499,000. JPMorgan Chase & Co. bought a new stake in SoFi Select 500 ETF in the third quarter worth $478,000. Pathway Financial Advisers LLC lifted its stake in SoFi Select 500 ETF by 9.1% in the fourth quarter. Pathway Financial Advisers LLC now owns 5,333 shares of the company’s stock worth $705,000 after purchasing an additional 447 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in SoFi Select 500 ETF during the fourth quarter valued at about $43,000. Hedge funds and other 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.