SoFi Select 500 ETF (NYSEARCA:SFY – Get Free Report)’s share price was down 1.2% during mid-day trading on Tuesday . The company traded as low as $148.91 and last traded at $148.95. Approximately 17,007 shares traded hands during trading, a decline of 23% from the average daily volume of 21,991 shares. The stock had previously closed at $150.75.
SoFi Select 500 ETF Trading Down 1.2%
The company has a market capitalization of $662.83 million, a price-to-earnings ratio of -4.64 and a beta of 1.10. The stock’s fifty day simple moving average is $143.21 and its 200-day simple moving average is $135.59.
Institutional Investors Weigh In On SoFi Select 500 ETF
A number of hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in SoFi Select 500 ETF during the 4th quarter worth approximately $43,000. Pathway Financial Advisers LLC lifted its holdings in SoFi Select 500 ETF by 9.1% during the 4th quarter. Pathway Financial Advisers LLC now owns 5,333 shares of the company’s stock worth $705,000 after buying an additional 447 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in SoFi Select 500 ETF during the 3rd quarter worth approximately $478,000. Nova Wealth Management Inc. lifted its holdings in SoFi Select 500 ETF by 27.2% during the 4th quarter. Nova Wealth Management Inc. now owns 17,663 shares of the company’s stock worth $2,334,000 after buying an additional 3,782 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in SoFi Select 500 ETF during the 2nd quarter worth approximately $499,000. 42.71% of the stock is currently owned by institutional investors and hedge funds.
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.
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