CIBC World Markets Inc. purchased a new position in shares of Mountain Province Diamonds Inc. (NASDAQ:MPVD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 107,705 shares of the company’s stock, valued at approximately $323,000. CIBC World Markets Inc. owned about 0.07% of Mountain Province Diamonds at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Private Advisor Group LLC purchased a new position in shares of Mountain Province Diamonds during the 2nd quarter valued at $292,000. First Manhattan Co. purchased a new position in shares of Mountain Province Diamonds during the 2nd quarter valued at $819,000. TD Asset Management Inc. purchased a new position in shares of Mountain Province Diamonds during the 2nd quarter valued at $937,000. Intact Investment Management Inc. purchased a new position in shares of Mountain Province Diamonds during the 2nd quarter valued at $3,207,000. Finally, Sentry Investments Corp. purchased a new position in shares of Mountain Province Diamonds during the 2nd quarter valued at $3,380,000. Institutional investors and hedge funds own 26.33% of the company’s stock.

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Mountain Province Diamonds Inc. (NASDAQ MPVD) opened at 3.2436 on Friday. The company’s 50 day moving average is $3.51 and its 200-day moving average is $3.31. The stock’s market cap is $519.73 million. Mountain Province Diamonds Inc. has a 1-year low of $2.55 and a 1-year high of $5.52.

Separately, Zacks Investment Research cut shares of Mountain Province Diamonds from a “buy” rating to a “hold” rating in a research note on Saturday, September 9th.

Mountain Province Diamonds Profile

Mountain Province Diamonds Inc is a resource company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company holds interests in the GK Diamond Mine. The GK Diamond Mine is located in the Northwest Territories (NWT) of Canada, in the District of Mackenzie, 300 kilometers east-northeast of Yellowknife and 80 kilometers east-southeast of the Snap Lake Mine.

Institutional Ownership by Quarter for Mountain Province Diamonds (NASDAQ:MPVD)

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