Millennium Management LLC increased its position in shares of AssetMark Financial Holdings, Inc. (NYSE:AMK – Free Report) by 175.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 593,071 shares of the company’s stock after acquiring an additional 378,145 shares during the period. Millennium Management LLC owned about 0.80% of AssetMark Financial worth $20,491,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AMK. Acadian Asset Management LLC lifted its position in shares of AssetMark Financial by 6,360.0% during the first quarter. Acadian Asset Management LLC now owns 2,584 shares of the company’s stock worth $91,000 after purchasing an additional 2,544 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in AssetMark Financial during the 1st quarter worth approximately $223,000. Horizon Investment Services LLC acquired a new stake in AssetMark Financial during the 1st quarter worth approximately $301,000. ProShare Advisors LLC purchased a new position in AssetMark Financial in the 2nd quarter valued at approximately $351,000. Finally, Principal Financial Group Inc. grew its stake in shares of AssetMark Financial by 45.9% in the first quarter. Principal Financial Group Inc. now owns 12,646 shares of the company’s stock worth $448,000 after acquiring an additional 3,980 shares in the last quarter. 28.64% of the stock is currently owned by hedge funds and other institutional investors.
AssetMark Financial Stock Performance
AssetMark Financial stock opened at $35.24 on Friday. The firm has a market capitalization of $2.62 billion, a P/E ratio of 18.45 and a beta of 1.10. AssetMark Financial Holdings, Inc. has a twelve month low of $22.92 and a twelve month high of $37.54. The stock’s fifty day simple moving average is $35.05 and its 200-day simple moving average is $34.73.
About AssetMark Financial
AssetMark Financial Holdings, Inc, together with its subsidiaries, provides wealth management platform in the United States. It offers an open-architecture product platform, as well as client advice, asset allocation options, practice management, support services, and technology solutions to the financial adviser channel.
Read More
- Five stocks we like better than AssetMark Financial
- Stock Market Upgrades: What Are They?
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- What Investors Need to Know About Upcoming IPOs
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Want to see what other hedge funds are holding AMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AssetMark Financial Holdings, Inc. (NYSE:AMK – Free Report).
Receive News & Ratings for AssetMark Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AssetMark Financial and related companies with MarketBeat.com's FREE daily email newsletter.