Weiss Asset Management LP acquired a new position in CUSHING RENAISS/COM (NYSE:SZC) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 92,750 shares of the investment management company’s stock, valued at approximately $1,308,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SZC. Landscape Capital Management L.L.C. bought a new position in CUSHING RENAISS/COM during the second quarter valued at approximately $148,000. 6 Meridian bought a new stake in shares of CUSHING RENAISS/COM in the 2nd quarter valued at approximately $176,000. 9258 Wealth Management LLC lifted its stake in shares of CUSHING RENAISS/COM by 5.1% in the 1st quarter. 9258 Wealth Management LLC now owns 30,060 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 1,469 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of CUSHING RENAISS/COM by 40.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 58,812 shares of the investment management company’s stock valued at $994,000 after purchasing an additional 17,019 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in shares of CUSHING RENAISS/COM in the 2nd quarter valued at approximately $1,246,000.
Shares of NYSE:SZC traded up $0.28 during trading on Monday, hitting $13.98. The company had a trading volume of 5,132 shares, compared to its average volume of 58,470. CUSHING RENAISS/COM has a one year low of $12.61 and a one year high of $19.88. The company has a fifty day simple moving average of $13.24 and a two-hundred day simple moving average of $15.09.
CUSHING RENAISS/COM Profile
The Cushing Renaissance Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.
Further Reading: Earnings Reports
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