Rhumbline Advisers lifted its stake in AssetMark Financial Holdings, Inc. (NYSE:AMK – Free Report) by 20.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,308 shares of the company’s stock after acquiring an additional 6,440 shares during the period. Rhumbline Advisers owned 0.05% of AssetMark Financial worth $1,289,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in AssetMark Financial by 6,360.0% during the 1st quarter. Acadian Asset Management LLC now owns 2,584 shares of the company’s stock valued at $91,000 after buying an additional 2,544 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in AssetMark Financial during the 1st quarter valued at about $223,000. Dynamic Technology Lab Private Ltd acquired a new position in AssetMark Financial during the 4th quarter valued at about $230,000. Horizon Investment Services LLC acquired a new position in AssetMark Financial during the 1st quarter valued at about $301,000. Finally, Trexquant Investment LP acquired a new position in AssetMark Financial during the 4th quarter valued at about $329,000. 28.64% of the stock is owned by institutional investors.
AssetMark Financial Price Performance
Shares of NYSE:AMK opened at $35.24 on Friday. The business’s 50-day moving average is $34.89 and its 200 day moving average is $34.76. AssetMark Financial Holdings, Inc. has a 1 year low of $22.92 and a 1 year high of $37.54. The firm has a market capitalization of $2.62 billion, a P/E ratio of 18.45 and a beta of 1.10.
AssetMark Financial Company Profile
AssetMark Financial Holdings, Inc, together with its subsidiaries, provides wealth management platform in the United States. It offers an open-architecture product platform, as well as client advice, asset allocation options, practice management, support services, and technology solutions to the financial adviser channel.
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