SoFi Select 500 ETF (NYSEARCA:SFY) Stock Price Down 0.6% – Should You Sell?

Shares of SoFi Select 500 ETF (NYSEARCA:SFY) were down 0.6% on Wednesday . The company traded as low as $110.16 and last traded at $110.78. Approximately 30,087 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 48,120 shares. The stock had previously closed at $111.44.

SoFi Select 500 ETF Stock Down 0.6 %

The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 24.94 and a beta of 1.07. The company has a 50 day simple moving average of $92.26 and a 200-day simple moving average of $45.07.

Institutional Investors Weigh In On SoFi Select 500 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of SoFi Select 500 ETF in the 3rd quarter valued at about $582,000. FMR LLC grew its stake in SoFi Select 500 ETF by 106.3% in the third quarter. FMR LLC now owns 17,716 shares of the company’s stock valued at $368,000 after acquiring an additional 9,130 shares during the period. Fisher Asset Management LLC acquired a new stake in SoFi Select 500 ETF in the third quarter valued at approximately $348,000. Sofi Wealth LLC increased its holdings in shares of SoFi Select 500 ETF by 7.0% during the third quarter. Sofi Wealth LLC now owns 32,770,650 shares of the company’s stock valued at $680,974,000 after acquiring an additional 2,135,524 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of SoFi Select 500 ETF by 6.2% during the first quarter. Tidal Investments LLC now owns 52,475 shares of the company’s stock worth $978,000 after purchasing an additional 3,081 shares during the period.

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.