SoFi Select 500 ETF (NYSEARCA:SFY) Hits New 52-Week High at $20.31

SoFi Select 500 ETF (NYSEARCA:SFY)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $20.31 and last traded at $20.29, with a volume of 144902 shares trading hands. The stock had previously closed at $20.22.

SoFi Select 500 ETF Price Performance

The company has a 50 day moving average of $19.23 and a 200-day moving average of $18.22. The company has a market cap of $822.15 million, a P/E ratio of 24.94 and a beta of 1.07.

SoFi Select 500 ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 26th were paid a dividend of $0.1041 per share. The ex-dividend date was Wednesday, June 26th.

Institutional Investors Weigh In On SoFi Select 500 ETF

Several hedge funds have recently added to or reduced their stakes in SFY. Raymond James Financial Services Advisors Inc. bought a new stake in shares of SoFi Select 500 ETF in the 4th quarter valued at about $216,000. Tower Research Capital LLC TRC bought a new stake in shares of SoFi Select 500 ETF in the 3rd quarter valued at about $498,000. Centric Wealth Management bought a new stake in shares of SoFi Select 500 ETF in the 4th quarter valued at about $780,000. Tidal Investments LLC lifted its stake in shares of SoFi Select 500 ETF by 6.2% in the 1st quarter. Tidal Investments LLC now owns 52,475 shares of the company’s stock valued at $978,000 after acquiring an additional 3,081 shares during the last quarter. Finally, Sofi Wealth LLC lifted its stake in shares of SoFi Select 500 ETF by 3.4% in the 4th quarter. Sofi Wealth LLC now owns 27,500,774 shares of the company’s stock valued at $465,863,000 after acquiring an additional 894,411 shares during the last quarter.

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.