ICONIQ Capital LLC Purchases New Position in Freeport-McMoRan Inc. $FCX
ICONIQ Capital LLC bought a new position in Freeport-McMoRan Inc. (NYSE:FCX[1] - Free Report[2]) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,001 shares of the natural resource company's stock, valued at approximately £303,000. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.
Stratos Investment Management LLC grew its position in Freeport-McMoRan by 238.5% in the first quarter. Stratos Investment Management LLC now owns 64,519 shares of the natural resource company's stock worth £2,443,000 after acquiring an additional 45,458 shares in the last quarter. Community Bank N.A. grew its position in Freeport-McMoRan by 18.5% in the first quarter.
Community Bank N.A. now owns 39,571 shares of the natural resource company's stock worth £1,498,000 after acquiring an additional 6,188 shares in the last quarter. Arizona State Retirement System grew its position in Freeport-McMoRan by 2.2% in the first quarter. Arizona State Retirement System now owns 421,469 shares of the natural resource company's stock worth £15,957,000 after acquiring an additional 8,989 shares in the last quarter.
Financial Sense Advisors Inc. boosted its position in Freeport-McMoRan by 527.9% during the first quarter. Financial Sense Advisors Inc. now owns 76,127 shares of the natural resource company's stock valued at £2,882,000 after buying an additional 64,003 shares during the period. Finally, Anderson Hoagland & Co. boosted its position in Freeport-McMoRan by 27.6% during the first quarter.
Anderson Hoagland & Co. now owns 109,565 shares of the natural resource company's stock valued at £4,148,000 after buying an additional 23,695 shares during the period.
80.77% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 8,584 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of £40.02, for a total value of £343,531.68.
Following the completion of the sale, the chief accounting officer directly owned 48,333 shares in the company, valued at £1,934,286.66. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link[3].
0.75% of the stock is owned by company insiders.