Philadelphia Trust Co. Makes New $655,000 Investment in Sigilon Therapeutics, Inc. (NASDAQ:SGTX)
Philadelphia Trust Co. bought a new position in shares of Sigilon Therapeutics, Inc. (NASDAQ:SGTX) in the 4th quarter, HoldingsChannel.com reports. The fund bought 13,644 shares of the company’s stock, valued at approximately $655,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. acquired a new position in Sigilon Therapeutics during the fourth quarter worth about $53,403,000. State of Wisconsin Investment Board acquired a new position in Sigilon Therapeutics during the fourth quarter worth about $24,477,000. Victory Capital Management Inc. acquired a new position in Sigilon Therapeutics during the fourth quarter worth about $3,266,000. Finally, SG Americas Securities LLC acquired a new position in Sigilon Therapeutics during the fourth quarter worth about $375,000.
In related news, major shareholder Lilly & Co Eli bought 300,000 shares of Sigilon Therapeutics stock in a transaction that occurred on Tuesday, December 8th. The shares were acquired at an average cost of $18.00 per share, for a total transaction of $5,400,000.00. Following the completion of the acquisition, the insider now directly owns 2,444,443 shares of the company’s stock, valued at approximately $43,999,974. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NASDAQ:SGTX opened at $35.88 on Tuesday. The business’s 50-day moving average price is $35.03. Sigilon Therapeutics, Inc. has a 1-year low of $22.00 and a 1-year high of $54.32.
Sigilon Therapeutics Company Profile
Sigilon Therapeutics, Inc, a biopharmaceutical company, develops functional cures for patients with chronic diseases. Its lead product candidate is SIG-001, which is in Phase I/II clinical trial to prevent bleeding episodes in patients with moderate-severe to severe Hemophilia A. The company is also developing SIG-005 to treat the non-neurological manifestations of the disease in patients with mucopolysaccharidosis type 1; and SIG-002 designed to replace islet cells for the treatment of type 1 diabetes.
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