Zurcher Kantonalbank Zurich Cantonalbank Takes $452,000 Position in Rio Tinto PLC (RIO)
Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Rio Tinto PLC (NYSE:RIO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 9,588 shares of the mining company’s stock, valued at approximately $452,000.
A number of other hedge funds have also made changes to their positions in the stock. Yorktown Management & Research Co Inc purchased a new position in Rio Tinto during the 3rd quarter worth $241,000. Pacer Advisors Inc. grew its stake in Rio Tinto by 5.0% during the 3rd quarter. Pacer Advisors Inc. now owns 47,996 shares of the mining company’s stock worth $2,265,000 after buying an additional 2,264 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Rio Tinto by 20.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 153,210 shares of the mining company’s stock valued at $7,230,000 after purchasing an additional 25,582 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Rio Tinto by 5.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 99,526 shares of the mining company’s stock valued at $4,697,000 after purchasing an additional 5,255 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Rio Tinto by 124.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,092,553 shares of the mining company’s stock valued at $51,543,000 after purchasing an additional 605,170 shares during the last quarter. Hedge funds and other institutional investors own 7.19% of the company’s stock.
Shares of Rio Tinto PLC (NYSE:RIO) traded down $1.09 on Wednesday, hitting $47.20. The stock had a trading volume of 2,886,200 shares, compared to its average volume of 3,259,133. Rio Tinto PLC has a 1 year low of $37.66 and a 1 year high of $50.77. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31.
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About Rio Tinto
Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.
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