Assetmark Inc. Invests $28,000 in SoFi Select 500 ETF (NYSEARCA:SFY)

Assetmark Inc. bought a new position in shares of SoFi Select 500 ETF (NYSEARCA:SFY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 254 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC purchased a new position in SoFi Select 500 ETF in the 4th quarter worth approximately $81,000. Fisher Asset Management LLC purchased a new position in SoFi Select 500 ETF in the 3rd quarter worth approximately $348,000. FMR LLC lifted its stake in 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 purchasing an additional 9,130 shares in the last quarter. Jane Street Group LLC purchased a new position in SoFi Select 500 ETF in the 3rd quarter worth approximately $582,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of SoFi Select 500 ETF during the 4th quarter worth approximately $3,690,000.

SoFi Select 500 ETF Price Performance

Shares of NYSEARCA SFY opened at $104.11 on Monday. The company has a 50 day simple moving average of $110.15 and a 200-day simple moving average of $94.58. The company has a market capitalization of $468.50 million, a P/E ratio of 26.79 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.