Institutional Investors Increase Stakes in Freeport-McMoRan
1 report, 1 independent
Updated Oct 23
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What happened
MBL Wealth LLC increased its position in Freeport-McMoRan by 59.2% during the third quarter. Other large investors also adjusted their stakes, including Royal Fund Management LLC, Brookstone Capital Management, Legacy Financial Group Inc., NBT Bank N.A., and Root Financial Partners LLC, all of whom acquired additional shares of the natural resource company's stock.
From themarketsdaily.com
Why it matters
The changes in holdings by institutional investors reflect shifts in market sentiment regarding Freeport-McMoRan. The company is subject to mandatory financial oversight and regulatory filings by the SEC.
From themarketsdaily.com
Who's involved
- Freeport-McMoRanProducer of copper and gold whose stock saw changes in institutional holdings
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The entities involved
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Freeport-McMoRan
producer of copper and gold
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Barclays
British bank