Deutsche Bank AG Boosts Position in MAG Silver Corp (MAG)
Deutsche Bank AG increased its position in MAG Silver Corp (NYSEAMERICAN:MAG) by 108.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 969,897 shares of the company’s stock after purchasing an additional 505,110 shares during the period. Deutsche Bank AG owned 1.13% of MAG Silver worth $7,079,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of MAG. FMR LLC grew its stake in MAG Silver by 2.0% in the third quarter. FMR LLC now owns 711,561 shares of the company’s stock worth $5,752,000 after purchasing an additional 14,060 shares in the last quarter. Renaissance Technologies LLC acquired a new position in MAG Silver in the third quarter valued at approximately $832,000. Morgan Stanley boosted its stake in MAG Silver by 27.4% in the third quarter. Morgan Stanley now owns 1,032,939 shares of the company’s stock valued at $8,378,000 after acquiring an additional 222,110 shares during the period. Signition LP boosted its stake in MAG Silver by 173.9% in the fourth quarter. Signition LP now owns 36,700 shares of the company’s stock valued at $268,000 after acquiring an additional 23,300 shares during the period. Finally, ETF Managers Group LLC acquired a new position in MAG Silver in the fourth quarter valued at approximately $1,969,000.
Shares of MAG stock opened at $9.18 on Monday. MAG Silver Corp has a 52 week low of $6.12 and a 52 week high of $12.00.
MAG Silver Profile
MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.
Further Reading: Special Dividends
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