Prudential PLC purchased a new position in Mountain Province Diamonds Inc. (NASDAQ:MPVD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,935,352 shares of the company’s stock, valued at approximately $14,806,000. Prudential PLC owned approximately 3.08% of Mountain Province Diamonds as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Royal Bank of Canada purchased a new stake in Mountain Province Diamonds in the 2nd quarter worth $29,599,000. JPMorgan Chase & Co. bought a new stake in shares of Mountain Province Diamonds in the 2nd quarter worth about $16,448,000. Capital Research Global Investors bought a new stake in shares of Mountain Province Diamonds in the 2nd quarter worth about $14,853,000. Commonwealth Bank of Australia bought a new stake in shares of Mountain Province Diamonds in the 2nd quarter worth about $14,614,000. Finally, FIL Ltd bought a new stake in shares of Mountain Province Diamonds in the 2nd quarter worth about $6,294,000. Institutional investors and hedge funds own 26.33% of the company’s stock.

Shares of Mountain Province Diamonds Inc. (NASDAQ MPVD) opened at 3.05 on Friday. The company’s market capitalization is $488.72 million. Mountain Province Diamonds Inc. has a 12-month low of $2.55 and a 12-month high of $5.45. The stock has a 50 day moving average of $3.33 and a 200-day moving average of $3.27.

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Separately, Zacks Investment Research upgraded shares of Mountain Province Diamonds from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Friday, August 25th.

About Mountain Province Diamonds

Mountain Province Diamonds Inc is a resource company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company holds interests in the GK Diamond Mine. The GK Diamond Mine is located in the Northwest Territories (NWT) of Canada, in the District of Mackenzie, 300 kilometers east-northeast of Yellowknife and 80 kilometers east-southeast of the Snap Lake Mine.

Institutional Ownership by Quarter for Mountain Province Diamonds (NASDAQ:MPVD)

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