Cardinal Capital lowers stake in TC Energy stock
1 report, 1 independent
Updated Sat 00:00
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What happened
Cardinal Capital Management Inc. lowered its stake in TC Energy Corporation by 0.6% during the third quarter, according to a disclosure with the Securities and Exchange Commission. The firm sold 16,308 shares, leaving it with 2,537,275 shares. TC Energy makes up approximately 3.3% of Cardinal Capital Management Inc.’s portfolio.
From tickerreport.com
Why it matters
The sale occurs amid broader institutional activity, as other large investors have recently modified their holdings of TC Energy. For example, Canada Pension Plan Investment Board acquired a new stake in the second quarter valued at $1,148,244,000.
From tickerreport.com
Who's involved
- TC EnergyThe pipeline company whose stock was traded.