Sofi Wealth LLC grew its position in SoFi Select 500 ETF (NYSEARCA:SFY – Free Report) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,754,353 shares of the company’s stock after acquiring an additional 110,408 shares during the period. SoFi Select 500 ETF comprises about 10.6% of Sofi Wealth LLC’s portfolio, making the stock its 2nd largest holding. Sofi Wealth LLC owned 39.42% of SoFi Select 500 ETF worth $218,978,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in SoFi Select 500 ETF in the 4th quarter valued at about $43,000. JPMorgan Chase & Co. acquired a new position in SoFi Select 500 ETF during the third quarter worth approximately $478,000. Marshall Wace LLP acquired a new position in SoFi Select 500 ETF during the second quarter worth approximately $499,000. Pathway Financial Advisers LLC raised its stake in SoFi Select 500 ETF by 9.1% in the fourth quarter. Pathway Financial Advisers LLC now owns 5,333 shares of the company’s stock valued at $705,000 after buying an additional 447 shares during the period. Finally, Nova Wealth Management Inc. lifted its position in shares of SoFi Select 500 ETF by 27.2% in the fourth quarter. Nova Wealth Management Inc. now owns 17,663 shares of the company’s stock valued at $2,334,000 after buying an additional 3,782 shares during the last quarter. 42.71% of the stock is currently owned by institutional investors and hedge funds.
SoFi Select 500 ETF Stock Down 1.1%
SFY opened at $147.28 on Friday. SoFi Select 500 ETF has a 12-month low of $119.35 and a 12-month high of $153.12. The business has a 50 day moving average of $147.97 and a 200-day moving average of $137.93. The stock has a market cap of $662.76 million, a price-to-earnings ratio of -4.58 and a beta of 1.10.
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.
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