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

by · The Cerbat Gem

Shares of SoFi Select 500 ETF (NYSEARCA:SFY – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $104.92 and last traded at $104.92, with a volume of 38825 shares changing hands. The stock had previously closed at $103.62.

SoFi Select 500 ETF Price Performance

The firm has a market capitalization of $4.29 billion, a PE ratio of 24.94 and a beta of 1.07. The company has a 50-day moving average price of $28.31 and a 200-day moving average price of $22.36.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SoFi Select 500 ETF stock. Sofi Wealth LLC boosted its holdings in SoFi Select 500 ETF (NYSEARCA:SFY – Free Report) by 6.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 29,264,149 shares of the company’s stock after buying an additional 1,763,375 shares during the period. SoFi Select 500 ETF makes up about 50.7% of Sofi Wealth LLC’s investment portfolio, making the stock its largest position. Sofi Wealth LLC owned 74.75% of SoFi Select 500 ETF worth $545,191,000 as of its most recent SEC filing.

SoFi Select 500 ETF Company Profile

(Get Free Report)

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.

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