Morgan Stanley trimmed its stake in shares of IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,559 shares of the company’s stock after selling 1,982 shares during the period. Morgan Stanley owned about 0.59% of IMPAC Mortgage worth $389,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Paloma Partners Management Co acquired a new position in IMPAC Mortgage during the second quarter valued at $80,000. Vanguard Group Inc. increased its position in IMPAC Mortgage by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 359,764 shares of the company’s stock worth $1,115,000 after purchasing an additional 14,162 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in IMPAC Mortgage by 336.1% in the 2nd quarter. HighTower Advisors LLC now owns 787,192 shares of the company’s stock worth $2,440,000 after purchasing an additional 606,685 shares during the last quarter.
IMH stock traded down $0.12 during mid-day trading on Tuesday, hitting $6.11. The stock had a trading volume of 44,829 shares, compared to its average volume of 31,203. IMPAC Mortgage Holdings, Inc has a 1-year low of $2.81 and a 1-year high of $8.03.
Impac Mortgage Holdings, Inc operates as an independent residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment provides mortgage lending products through three lending channels, such as retail, wholesale, and correspondent and opportunistically retain mortgage servicing rights.
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