QSM Asset Management Takes $11.5 Million Stake in Rio Tinto, Expands Energy Exposure

QSM Asset Management disclosed a new position in Rio Tinto Group on Thursday, purchasing 174,700 shares for an estimated $11.5 million during the third quarter.According to a filing with the Securities and Exchange Commission released on Thursday, QSM Asset Management initiated a new position in Rio Tinto Group (NYSE:RIO), acquiring 174,700 shares. The estimated value of the transaction, calculated using the average price during the quarter ended September 30, was $11.5 million. This stake represents 8.2% of the fund’s reportable assets at the end of the quarter.Top holdings after the filing:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool