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

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

A number of other institutional investors and hedge funds also recently made changes to their positions in SFY. Assetmark Inc. purchased a new position in shares of SoFi Select 500 ETF in the 3rd quarter valued at approximately $141,000. Raymond James & Associates raised its stake in SoFi Select 500 ETF by 10.7% during the third quarter. Raymond James & Associates now owns 12,623 shares of the company’s stock valued at $193,000 after buying an additional 1,224 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in SoFi Select 500 ETF during the third quarter valued at $498,000. Finally, Sofi Wealth LLC raised its stake in 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 valued at $406,811,000 after buying an additional 942,184 shares during the last quarter.

SoFi Select 500 ETF Trading Up 0.2 %

Shares of NYSEARCA:SFY opened at $18.02 on Thursday. The stock has a fifty day simple moving average of $18.16 and a two-hundred day simple moving average of $17.01. The stock has a market capitalization of $691.97 million, a price-to-earnings ratio of 23.95 and a beta of 1.06. SoFi Select 500 ETF has a 12-month low of $14.06 and a 12-month high of $18.67.

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.