Cardinal Capital Management buys $679,048 stake in Morningstar (MORN)

Morningstar (MORN) : Cardinal Capital Management scooped up 608 additional shares in Morningstar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 8,058 shares of Morningstar which is valued at $679,048.Morningstar makes up approximately 0.28% of Cardinal Capital Management’s portfolio.

Morningstar opened for trading at $83.7 and hit $84.54 on the upside on Wednesday, eventually ending the session at $84.1, with a gain of 0.33% or 0.28 points. The heightened volatility saw the trading volume jump to 59,103 shares. Company has a market cap of $3,609 M.

Other Hedge Funds, Including , Eagle Ridge Investment Management added MORN to its portfolio by purchasing 2,480 company shares during the most recent quarter which is valued at $208,990. Morningstar makes up approx 0.05% of Eagle Ridge Investment Management’s portfolio. Boston Advisors added MORN to its portfolio by purchasing 14,140 company shares during the most recent quarter which is valued at $1,191,578. Morningstar makes up approx 0.03% of Boston Advisors’s portfolio.Next Financial Group Inc boosted its stake in MORN in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 52 shares of Morningstar which is valued at $4,382. Conestoga Capital Advisors sold out all of its stake in MORN during the most recent quarter. The investment firm sold 112,355 shares of MORN which is valued $9,655,789.

Morningstar Inc. is a provider of independent investment research in North America Europe Australia and Asia. The Company offers a line of products and services for financial advisors asset managers retirement plan providers and sponsors and individual investors. In addition to its United States-based products and services it offers local versions of its products designed for investors in Asia Australia Canada Europe Latin America and South Africa. Morningstar serves approximately 250000 financial advisors 1700 asset management firms 24 retirement plan providers 290000 retirement plan sponsors and 9.9 million individual investors. The Company has operations in 27 countries. As of December 31 2014 the Company provided data on approximately 500000 investments including mutual funds stocks exchange-traded funds (ETFs) closed-end funds separate accounts and variable annuities.

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