Connor Clark & Lunn Investment Management Ltd. bought a new stake in Spirit MTA REIT (NYSE:SMTA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,571 shares of the company’s stock, valued at approximately $155,000.
A number of other hedge funds also recently made changes to their positions in SMTA. New York State Teachers Retirement System acquired a new position in Spirit MTA REIT in the first quarter valued at approximately $25,000. Aperio Group LLC acquired a new position in shares of Spirit MTA REIT during the second quarter worth approximately $37,000. Arlington Partners LLC acquired a new position in shares of Spirit MTA REIT during the second quarter worth approximately $68,000. BNP Paribas Arbitrage SA raised its position in shares of Spirit MTA REIT by 157.4% during the first quarter. BNP Paribas Arbitrage SA now owns 9,415 shares of the company’s stock worth $61,000 after purchasing an additional 5,757 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of Spirit MTA REIT by 83.6% during the second quarter. Meeder Asset Management Inc. now owns 13,646 shares of the company’s stock worth $114,000 after purchasing an additional 6,214 shares during the period. Institutional investors and hedge funds own 79.11% of the company’s stock.
Shares of NYSE:SMTA traded up $0.03 during trading on Friday, reaching $8.50. 4,398 shares of the stock were exchanged, compared to its average volume of 677,177. Spirit MTA REIT has a 1-year low of $6.36 and a 1-year high of $11.61. The stock has a fifty day moving average of $8.44 and a two-hundred day moving average of $7.72.
About Spirit MTA REIT
Spirit MTA REIT (NYSE: SMTA) is a net-lease REIT headquartered in Dallas, Texas. SMTA owns one of the largest, most diversified and seasoned commercial real estate backed master funding vehicles. SMTA is managed by Spirit Realty, L.P., a wholly-owned subsidiary of Spirit (NYSE: SRC), one of the largest publicly traded triple net-lease REITs.
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