SoFi Select 500 ETF (NYSEARCA:SFY) Stock Price Down 1% – What’s Next?

SoFi Select 500 ETF (NYSEARCA:SFY)’s stock price dropped 1% during trading on Tuesday . The stock traded as low as $102.97 and last traded at $103.54. Approximately 24,449 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 67,382 shares. The stock had previously closed at $104.58.

SoFi Select 500 ETF Stock Down 1.0 %

The firm’s 50 day moving average price is $101.22 and its two-hundred day moving average price is $107.52. The firm has a market capitalization of $450.40 million, a PE ratio of 25.65 and a beta of 1.06.

Institutional Trading of SoFi Select 500 ETF

Several institutional investors have recently added to or reduced their stakes in SFY. Assetmark Inc. bought a new stake in shares of SoFi Select 500 ETF in the 4th quarter valued at approximately $28,000. Pathway Financial Advisers LLC bought a new stake in SoFi Select 500 ETF during the fourth quarter valued at $81,000. Wealthfront Advisers LLC acquired a new stake in shares of SoFi Select 500 ETF during the first quarter worth $241,000. Advisors Capital Management LLC bought a new position in shares of SoFi Select 500 ETF in the 4th quarter worth about $653,000. Finally, Shufro Rose & Co. LLC acquired a new position in shares of SoFi Select 500 ETF in the 4th quarter valued at about $965,000.

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.