Banced Corp buys $919,414 stake in General American Investors Co. (GAM)

General American Investors Co. (GAM) : Banced Corp scooped up 18,540 additional shares in General American Investors Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 28,867 shares of General American Investors Co. which is valued at $919,414.General American Investors Co. makes up approximately 1.60% of Banced Corp’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in GAM in the latest quarter, The investment management firm added 3,855 additional shares and now holds a total of 14,463 shares of General American Investors Co. which is valued at $460,647.

General American Investors Co. closed down -0.07 points or -0.22% at $31.97 with 38,621 shares getting traded on Friday. Post opening the session at $32.04, the shares hit an intraday low of $31.8301 and an intraday high of $32.1103 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

General American Investors Company Inc. is a diversified closed-end management investment company. The primary objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. Lesser emphasis is placed on current income. The Company invests principally in common stocks. The Company’s investment approach focuses on the selection of individual stocks each of which is expected to meet a clearly defined portfolio objective. The Company’s portfolio of investments include financials information technology consumer discretionary consumer staples energy health care industrials telecommunication services materials short-term securities and other.

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