Assetmark Inc. Has $297,000 Position in SoFi Select 500 ETF $SFY

Assetmark Inc. lifted its position in shares of SoFi Select 500 ETF (NYSEARCA:SFY) by 205.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,517 shares of the company’s stock after purchasing an additional 1,693 shares during the quarter. Assetmark Inc.’s holdings in SoFi Select 500 ETF were worth $297,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Nova Wealth Management Inc. increased its holdings in SoFi Select 500 ETF by 4,602.9% during the 1st quarter. Nova Wealth Management Inc. now owns 1,646 shares of the company’s stock worth $168,000 after purchasing an additional 1,611 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of SoFi Select 500 ETF in the first quarter valued at about $241,000. LPL Financial LLC bought a new stake in shares of SoFi Select 500 ETF in the first quarter valued at about $2,587,000. Finally, Advisors Capital Management LLC boosted its position in shares of SoFi Select 500 ETF by 624.3% during the first quarter. Advisors Capital Management LLC now owns 43,457 shares of the company’s stock worth $4,429,000 after buying an additional 37,457 shares during the period. Institutional investors own 42.71% of the company’s stock.

SoFi Select 500 ETF Stock Performance

Shares of SoFi Select 500 ETF stock opened at $130.93 on Friday. The firm has a market cap of $549.91 million, a PE ratio of -4.08 and a beta of 1.07. The business’s 50 day simple moving average is $129.14 and its 200 day simple moving average is $120.14. SoFi Select 500 ETF has a 52-week low of $86.94 and a 52-week high of $135.55.

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.