General American Investors Co. (GAM) : Karpus Management reduced its stake in General American Investors Co. by 12.25% during the most recent quarter end. The investment management company now holds a total of 1,295,554 shares of General American Investors Co. which is valued at $39,022,086 after selling 180,902 shares in General American Investors Co. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.General American Investors Co. makes up approximately 2.19% of Karpus Management’s portfolio.
Other Hedge Funds, Including , Tiaa Cref Trust Co Fsbmo sold out all of its stake in GAM during the most recent quarter. The investment firm sold 10,502 shares of GAM which is valued $329,028.Commonwealth Equity Services Inc boosted its stake in GAM in the latest quarter, The investment management firm added 1,615 additional shares and now holds a total of 23,463 shares of General American Investors Co. which is valued at $746,827. General American Investors Co. makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.
General American Investors Co. opened for trading at $30.45 and hit $30.6 on the upside on Monday, eventually ending the session at $30.43, with a gain of 0.20% or 0.06 points. The heightened volatility saw the trading volume jump to 1,50,116 shares. Company has a market cap of $892 M.
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.