SoFi Select 500 ETF (NYSEARCA:SFY) is Sofi Wealth LLC’s Largest Position

Sofi Wealth LLC lessened its position in shares of SoFi Select 500 ETF (NYSEARCA:SFY) by 79.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,674,556 shares of the company’s stock after selling 26,096,094 shares during the quarter. SoFi Select 500 ETF comprises about 49.8% of Sofi Wealth LLC’s investment portfolio, making the stock its biggest holding. Sofi Wealth LLC owned approximately 0.16% of SoFi Select 500 ETF worth $726,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC bought a new stake in shares of SoFi Select 500 ETF during the 4th quarter worth approximately $81,000. Fisher Asset Management LLC bought a new position in shares of SoFi Select 500 ETF in the 3rd quarter worth $348,000. FMR LLC raised its position in shares of SoFi Select 500 ETF by 106.3% in the 3rd quarter. FMR LLC now owns 17,716 shares of the company’s stock worth $368,000 after acquiring an additional 9,130 shares in the last quarter. Jane Street Group LLC bought a new position in shares of SoFi Select 500 ETF in the 3rd quarter worth $582,000. Finally, Concurrent Investment Advisors LLC purchased a new position in SoFi Select 500 ETF during the 4th quarter worth $3,690,000.

SoFi Select 500 ETF Price Performance

Shares of SFY stock opened at $110.71 on Tuesday. The stock’s fifty day moving average price is $111.56 and its 200 day moving average price is $85.48. The company has a market cap of $520.34 million, a price-to-earnings ratio of 30.45 and a beta of 1.03. SoFi Select 500 ETF has a 1-year low of $87.90 and a 1-year high of $115.21.

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.