Alliancebernstein L.P. boosted its position in Merchants Bancshares,Inc. (NASDAQ:MBVT) by 1.6% during the first quarter, Holdings Channel reports. The firm owned 6,200 shares of the financial services provider’s stock after buying an additional 100 shares during the period. Alliancebernstein L.P.’s holdings in Merchants Bancshares,Inc. were worth $302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American International Group Inc. increased its position in Merchants Bancshares,Inc. by 7.2% in the first quarter. American International Group Inc. now owns 3,545 shares of the financial services provider’s stock worth $173,000 after buying an additional 237 shares during the period. Private Advisor Group LLC purchased a new position in Merchants Bancshares,Inc. during the first quarter worth $349,000. Keybank National Association OH increased its position in Merchants Bancshares,Inc. by 11.4% in the first quarter. Keybank National Association OH now owns 18,570 shares of the financial services provider’s stock worth $904,000 after buying an additional 1,903 shares during the period. Context BH Capital Management LP increased its position in Merchants Bancshares,Inc. by 14.2% in the first quarter. Context BH Capital Management LP now owns 293,362 shares of the financial services provider’s stock worth $14,287,000 after buying an additional 36,454 shares during the period. Finally, Mizuho Securities USA Inc. purchased a new position in Merchants Bancshares,Inc. during the first quarter worth $1,948,000. 38.63% of the stock is currently owned by institutional investors and hedge funds.

Merchants Bancshares,Inc. (MBVT) traded up 0.30% on Tuesday, reaching $49.80. Merchants Bancshares,Inc. has a 1-year low of $28.16 and a 1-year high of $54.80. The firm has a 50-day moving average of $48.93 and a 200-day moving average of $49.91.

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About Merchants Bancshares,Inc.

Merchants Bancshares, Inc is a bank holding company. The Company’s subsidiary, Merchants Bank (the Bank), is a commercial bank. The Bank offers a range of deposit, loan, cash management and trust services to meet the financial needs of individual consumers, businesses and municipalities. Merchants Bank’s trust division offers investment management, financial planning and trustee services.

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Institutional Ownership by Quarter for Merchants Bancshares,Inc. (NASDAQ:MBVT)

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