Sofi Wealth LLC Cuts Position in SoFi Select 500 ETF (NYSEARCA:SFY)

Sofi Wealth LLC lowered its position in SoFi Select 500 ETF (NYSEARCA:SFY) by 74.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,737,538 shares of the company’s stock after selling 4,937,018 shares during the period. SoFi Select 500 ETF accounts for about 13.3% of Sofi Wealth LLC’s holdings, making the stock its 2nd biggest position. Sofi Wealth LLC owned approximately 39.94% of SoFi Select 500 ETF worth $177,090,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. bought a new position in SoFi Select 500 ETF in the fourth quarter worth approximately $28,000. Advisors Capital Management LLC bought a new position in SoFi Select 500 ETF in the fourth quarter worth approximately $653,000. Shufro Rose & Co. LLC bought a new position in SoFi Select 500 ETF in the fourth quarter worth approximately $965,000. Centric Wealth Management boosted its holdings in SoFi Select 500 ETF by 8.2% in the fourth quarter. Centric Wealth Management now owns 9,685 shares of the company’s stock worth $1,054,000 after acquiring an additional 731 shares in the last quarter. Finally, GTS Securities LLC bought a new position in SoFi Select 500 ETF in the fourth quarter worth approximately $3,156,000.

SoFi Select 500 ETF Stock Performance

Shares of NYSEARCA:SFY opened at $113.62 on Wednesday. SoFi Select 500 ETF has a 52-week low of $86.94 and a 52-week high of $115.21. The business’s 50 day simple moving average is $106.54 and its two-hundred day simple moving average is $107.90. The firm has a market cap of $488.57 million, a P/E ratio of 27.32 and a beta of 1.06.

About SoFi Select 500 ETF

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.