SoFi Select 500 ETF (NYSEARCA:SFY) Hits New 1-Year High – Here’s Why

SoFi Select 500 ETF (NYSEARCA:SFY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $115.15 and last traded at $114.81, with a volume of 7556 shares trading hands. The stock had previously closed at $114.67.

SoFi Select 500 ETF Stock Up 0.2 %

The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 24.94 and a beta of 1.07. The stock’s 50-day simple moving average is $111.42 and its 200 day simple moving average is $82.79.

Hedge Funds Weigh In On SoFi Select 500 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GTS Securities LLC acquired a new position in shares of SoFi Select 500 ETF during the fourth quarter worth approximately $3,156,000. Advisors Capital Management LLC acquired a new position in shares of SoFi Select 500 ETF during the fourth quarter worth approximately $653,000. Centric Wealth Management lifted its position in shares of SoFi Select 500 ETF by 8.2% during the fourth quarter. Centric Wealth Management now owns 9,685 shares of the company’s stock worth $1,054,000 after purchasing an additional 731 shares in the last quarter. Assetmark Inc. acquired a new position in shares of SoFi Select 500 ETF during the fourth quarter worth approximately $28,000. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of SoFi Select 500 ETF during the fourth quarter worth approximately $3,690,000.

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.