StoneRidge PMG Advisors Discloses New AMD Stake in 13F Filing
· 2 sources
MarketBeat reports StoneRidge PMG Advisors LLC opened a new position in Advanced Micro Devices (AMD) in the third quarter, per its 13F filing.
What happened
MarketBeat reports that StoneRidge PMG Advisors LLC has disclosed a new position in Advanced Micro Devices, Inc. (NASDAQ: AMD). The information comes from the firm's most recent Form 13F filing with the Securities and Exchange Commission.
According to the filing as described by MarketBeat, the institutional investor acquired 3,555 shares during the third quarter. MarketBeat puts the value of the new investment at $2.17 million.
Separately, Benzinga published a piece on Monday asking what is going on with AMD stock. The excerpt provided does not include further details.
Context
Institutional investment managers file Form 13F reports with the SEC to disclose their equity holdings, which is how new positions like this one become public.
Why it matters
Quarterly filings like this give a view into how institutional investors are positioned in AMD, though a single small position says little on its own.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
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