SoFi Select 500 ETF (NYSEARCA:SFY) Shares Down 0.4%

SoFi Select 500 ETF (NYSEARCA:SFY)’s share price dropped 0.4% during trading on Wednesday . The stock traded as low as $20.18 and last traded at $20.18. Approximately 135,316 shares were traded during trading, a decline of 47% from the average daily volume of 253,511 shares. The stock had previously closed at $20.27.

SoFi Select 500 ETF Trading Down 0.1 %

The business’s 50-day simple moving average is $19.80 and its two-hundred day simple moving average is $19.20. The company has a market capitalization of $832.68 million, a PE ratio of 24.94 and a beta of 1.07.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SoFi Select 500 ETF stock. Sofi Wealth LLC grew its position in shares of SoFi Select 500 ETF (NYSEARCA:SFY) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,264,149 shares of the company’s stock after buying an additional 1,763,375 shares during the period. SoFi Select 500 ETF comprises 50.7% of Sofi Wealth LLC’s portfolio, making the stock its largest position. Sofi Wealth LLC owned 74.75% of SoFi Select 500 ETF worth $545,191,000 at the end of the most recent quarter.

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.