SoFi Select 500 ETF $SFY Shares Bought by Sofi Wealth LLC

Sofi Wealth LLC increased its position in shares of SoFi Select 500 ETF (NYSEARCA:SFY) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,754,353 shares of the company’s stock after acquiring an additional 110,408 shares during the period. SoFi Select 500 ETF comprises 10.6% of Sofi Wealth LLC’s holdings, making the stock its 2nd largest holding. Sofi Wealth LLC owned approximately 0.39% of SoFi Select 500 ETF worth $218,978,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SFY. Marshall Wace LLP acquired a new position in SoFi Select 500 ETF during the second quarter valued at approximately $499,000. JPMorgan Chase & Co. acquired a new stake in shares of SoFi Select 500 ETF in the 3rd quarter valued at $478,000. Nova Wealth Management Inc. increased its stake in shares of SoFi Select 500 ETF by 27.2% in the 4th quarter. Nova Wealth Management Inc. now owns 17,663 shares of the company’s stock valued at $2,334,000 after purchasing an additional 3,782 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in shares of SoFi Select 500 ETF by 9.1% in the 4th quarter. Pathway Financial Advisers LLC now owns 5,333 shares of the company’s stock valued at $705,000 after purchasing an additional 447 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of SoFi Select 500 ETF during the 4th quarter worth $43,000. Institutional investors and hedge funds own 42.71% of the company’s stock.

SoFi Select 500 ETF Stock Down 1.1%

Shares of SFY stock opened at $147.28 on Friday. The business has a fifty day simple moving average of $147.97 and a 200 day simple moving average of $137.93. The company has a market cap of $662.76 million, a P/E ratio of -4.58 and a beta of 1.10. SoFi Select 500 ETF has a twelve month low of $119.35 and a twelve month high of $153.12.

SoFi Select 500 ETF 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.