Knights of Columbus Asset Advisors LLC added a new position in SoFi Technologies, Inc. during the third quarter, as disclosed in its latest Form 13F filing with the Securities and Exchange Commission. The firm purchased 68,518 shares of SoFi stock, with an estimated value of $1.81 million.
This investment marks Knights of Columbus Asset Advisors’ entry into SoFi’s shares, joining other institutional investors holding positions in the company.
**Why this matters**
Institutional purchases can signal confidence in a company’s prospects and may influence market perception. SoFi Technologies, a financial technology firm, continues to attract attention from asset managers, reflecting ongoing interest in the fintech sector.
Source: NewsData