JPMorgan Chase & Co. lifted its holdings in Vedanta Limited (NYSE:VEDL) by 5,527.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,964 shares of the basic materials company’s stock after purchasing an additional 73,632 shares during the period. JPMorgan Chase & Co.’s holdings in Vedanta Limited were worth $1,164,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in shares of Vedanta Limited by 128.2% in the 1st quarter. Russell Investments Group Ltd. now owns 74,375 shares of the basic materials company’s stock worth $1,277,000 after purchasing an additional 41,789 shares during the last quarter. First Trust Advisors LP increased its position in shares of Vedanta Limited by 82.3% in the second quarter. First Trust Advisors LP now owns 530,586 shares of the basic materials company’s stock worth $8,235,000 after acquiring an additional 239,551 shares in the last quarter. Creative Planning increased its position in shares of Vedanta Limited by 30.0% in the second quarter. Creative Planning now owns 26,000 shares of the basic materials company’s stock worth $404,000 after acquiring an additional 6,000 shares in the last quarter. Todd Asset Management LLC purchased a new position in shares of Vedanta Limited in the second quarter worth approximately $3,061,000. Finally, Prudential Financial Inc. increased its position in shares of Vedanta Limited by 10.2% in the second quarter. Prudential Financial Inc. now owns 1,116,373 shares of the basic materials company’s stock worth $17,326,000 after acquiring an additional 103,114 shares in the last quarter. 3.92% of the stock is currently owned by institutional investors.
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Vedanta Limited (VEDL) opened at 20.97 on Friday. The stock has a market capitalization of $19.47 billion, a P/E ratio of 16.54 and a beta of 1.87. The stock has a 50 day moving average of $19.99 and a 200 day moving average of $17.12. Vedanta Limited has a 52-week low of $11.55 and a 52-week high of $21.02.
Separately, BidaskClub raised shares of Vedanta Limited from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th.
Vedanta Limited Company Profile
Vedanta Limited is a natural resource company engaged in the business of manufacturing copper and copper products, and aluminum and aluminum products. The Company’s segments include Copper, which consists of manufacturing of copper cathode, continuous cast copper rod and anode slime, including from purchased concentrate and manufacturing of precious metal from anode slime, sulfuric acid, phosphoric acid; Iron ore; Aluminium, which consists of manufacturing of alumina and various aluminum products; Power, which consists of power, including power facilities engaged in generation and sale of commercial power, and Other, which consists pig iron and metallurgical coke.
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