IFP Advisors Inc reduced its position in shares of General American Investors, Inc. (NYSE:GAM) by 10.0% during the second quarter, Holdings Channel reports. The fund owned 11,689 shares of the investment management company’s stock after selling 1,300 shares during the period. IFP Advisors Inc’s holdings in General American Investors were worth $402,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GAM. First Manhattan Co. increased its stake in General American Investors by 14.8% in the second quarter. First Manhattan Co. now owns 18,812 shares of the investment management company’s stock worth $646,000 after buying an additional 2,420 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in General American Investors during the second quarter worth about $200,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in General American Investors by 11.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 562,053 shares of the investment management company’s stock worth $19,307,000 after buying an additional 58,875 shares during the last quarter. Hedge funds and other institutional investors own 27.01% of the company’s stock.

Shares of General American Investors, Inc. (NYSE:GAM) opened at 34.55 on Tuesday. General American Investors, Inc. has a 12-month low of $28.72 and a 12-month high of $35.40. The company has a 50-day moving average of $34.78 and a 200-day moving average of $33.92. The stock has a market capitalization of $926.32 million, a P/E ratio of 6.10 and a beta of 1.19.

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General American Investors Company Profile

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Institutional Ownership by Quarter for General American Investors (NYSE:GAM)

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