Optivise Advisory Services LLC Raises Stock Position in SoFi Enhanced Yield ETF (NYSEARCA:THTA)

Optivise Advisory Services LLC grew its holdings in SoFi Enhanced Yield ETF (NYSEARCA:THTA) by 40.6% during the 1st quarter, Holdings Channel reports. The firm owned 445,017 shares of the company’s stock after purchasing an additional 128,495 shares during the period. SoFi Enhanced Yield ETF makes up approximately 4.7% of Optivise Advisory Services LLC’s portfolio, making the stock its 2nd biggest position. Optivise Advisory Services LLC owned approximately 0.17% of SoFi Enhanced Yield ETF worth $8,357,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of THTA. Tidal Investments LLC bought a new position in SoFi Enhanced Yield ETF during the 4th quarter worth approximately $229,000. Virtue Capital Management LLC bought a new position in SoFi Enhanced Yield ETF during the 4th quarter worth approximately $372,000. Concurrent Investment Advisors LLC bought a new position in SoFi Enhanced Yield ETF during the 4th quarter worth approximately $2,523,000. Finally, ZEGA Investments LLC bought a new position in SoFi Enhanced Yield ETF during the 4th quarter worth approximately $2,581,000.

SoFi Enhanced Yield ETF Price Performance

SoFi Enhanced Yield ETF stock opened at $14.88 on Wednesday. The company’s 50 day simple moving average is $14.91 and its 200 day simple moving average is $17.43. SoFi Enhanced Yield ETF has a fifty-two week low of $12.30 and a fifty-two week high of $20.49. The firm has a market capitalization of $35.41 million and a price-to-earnings ratio of 24.54.

SoFi Enhanced Yield ETF Profile

The SoFi Enhanced Yield ETF (THTA) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is an actively managed fund that invests in US government securities combined with a credit spread option strategy. The funds goal is to generate monthly income, and pursue risk-adjusted returns, independent of trends in the equity and bond markets THTA was launched on Nov 15, 2023 and is issued by SoFi.