Amici Capital buys $11,586,431 stake in Independence Holding Company (IHC)

Independence Holding Company (IHC) : Amici Capital scooped up 6,340 additional shares in Independence Holding Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 710,824 shares of Independence Holding Company which is valued at $11,586,431.Independence Holding Company makes up approximately 2.36% of Amici Capital’s portfolio.

Other Hedge Funds, Including , Bridgeway Capital Management Inc reduced its stake in IHC by selling 11,250 shares or 10.54% in the most recent quarter. The Hedge Fund company now holds 95,490 shares of IHC which is valued at $1,556,487. Independence Holding Company makes up approx 0.02% of Bridgeway Capital Management Inc’s portfolio.Teachers Advisors Inc boosted its stake in IHC in the latest quarter, The investment management firm added 1,139 additional shares and now holds a total of 11,173 shares of Independence Holding Company which is valued at $182,120.Vanguard Group Inc boosted its stake in IHC in the latest quarter, The investment management firm added 19,075 additional shares and now holds a total of 212,638 shares of Independence Holding Company which is valued at $3,465,999.Blackrock Advisors boosted its stake in IHC in the latest quarter, The investment management firm added 1,490 additional shares and now holds a total of 5,382 shares of Independence Holding Company which is valued at $87,727.

Independence Holding Company opened for trading at $17.48 and hit $17.6499 on the upside on Thursday, eventually ending the session at $17.63, with a gain of 0.46% or 0.08 points. The heightened volatility saw the trading volume jump to 7,911 shares. Company has a market cap of $303 M.

Independence Holding Company is a holding company principally engaged in the life and health insurance business. The Company provides specialized life and health coverage and related services to commercial customers and individuals. It focuses on niche products and/or narrowly defined distribution channels primarily in the United States. The Company’s wholly owned insurance company subsidiaries Standard Security Life Insurance Company of New York (Standard Security Life) and Madison National Life Insurance Company Inc. (Madison National Life) market their products through independent and affiliated brokers producers and agents. The Companies administrative businesses underwrite market administer and/or price life and health insurance business for its owned and affiliated carriers and for non-affiliated insurance companies.

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