Raymond James Financial Services Advisors Inc. Takes $216,000 Position in SoFi Select 500 ETF (NYSEARCA:SFY)

Raymond James Financial Services Advisors Inc. purchased a new stake in shares of SoFi Select 500 ETF (NYSEARCA:SFY) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,729 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. bought a new position in shares of SoFi Select 500 ETF during the third quarter worth about $141,000. Raymond James & Associates raised its position in shares of SoFi Select 500 ETF by 10.7% during the third quarter. Raymond James & Associates now owns 12,623 shares of the company’s stock worth $193,000 after acquiring an additional 1,224 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of SoFi Select 500 ETF during the third quarter worth about $498,000. Finally, Sofi Wealth LLC raised its position in shares of SoFi Select 500 ETF by 3.7% during the third quarter. Sofi Wealth LLC now owns 26,606,363 shares of the company’s stock worth $406,811,000 after acquiring an additional 942,184 shares during the last quarter.

SoFi Select 500 ETF Price Performance

Shares of SFY opened at $18.02 on Thursday. SoFi Select 500 ETF has a 1 year low of $14.06 and a 1 year high of $18.67. The company has a market capitalization of $691.97 million, a price-to-earnings ratio of 23.95 and a beta of 1.06. The business has a 50-day moving average of $18.16 and a 200-day moving average of $17.01.

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.