SoFi Select 500 ETF (NYSEARCA:SFY) Stock Price Up 0.2% – Time to Buy?

SoFi Select 500 ETF (NYSEARCA:SFY)’s stock price was up 0.2% during trading on Wednesday . The company traded as high as $147.55 and last traded at $147.55. Approximately 16,005 shares were traded during mid-day trading, a decline of 27% from the average session volume of 21,954 shares. The stock had previously closed at $147.31.

SoFi Select 500 ETF Stock Up 0.2%

The stock has a fifty day moving average of $147.14 and a 200-day moving average of $137.31. The stock has a market cap of $663.98 million, a PE ratio of -4.59 and a beta of 1.10.

Institutional Investors Weigh In On SoFi Select 500 ETF

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

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.