Assetmark Inc. Grows Stake in SoFi Select 500 ETF (NYSEARCA:SFY)

Assetmark Inc. raised its stake in shares of SoFi Select 500 ETF (NYSEARCA:SFY) by 224.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 824 shares of the company’s stock after acquiring an additional 570 shares during the quarter. Assetmark Inc.’s holdings in SoFi Select 500 ETF were worth $84,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealthfront Advisers LLC bought a new stake in SoFi Select 500 ETF during the 1st quarter valued at $241,000. Concurrent Investment Advisors LLC boosted its position in SoFi Select 500 ETF by 0.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 34,168 shares of the company’s stock valued at $3,482,000 after acquiring an additional 264 shares in the last quarter. Shufro Rose & Co. LLC acquired a new stake in shares of SoFi Select 500 ETF in the 4th quarter worth $965,000. GTS Securities LLC acquired a new stake in shares of SoFi Select 500 ETF in the 4th quarter worth $3,156,000. Finally, Advisors Capital Management LLC acquired a new stake in shares of SoFi Select 500 ETF in the 4th quarter worth $653,000. Institutional investors own 42.71% of the company’s stock.

SoFi Select 500 ETF Price Performance

SoFi Select 500 ETF stock opened at $122.14 on Tuesday. The stock has a market capitalization of $519.10 million, a price-to-earnings ratio of -3.80 and a beta of 1.02. SoFi Select 500 ETF has a 1-year low of $86.94 and a 1-year high of $124.00. The business has a fifty day moving average price of $116.83 and a 200-day moving average price of $109.72.

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.