Schwab Charles Investment Management Inc. Takes $185,000 Position in Akoustis Technologies Inc (AKTS)
Schwab Charles Investment Management Inc. purchased a new stake in shares of Akoustis Technologies Inc (OTCMKTS:AKTS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,100 shares of the technology company’s stock, valued at approximately $185,000. Schwab Charles Investment Management Inc. owned approximately 0.11% of Akoustis Technologies at the end of the most recent quarter.
Separately, Parsec Financial Management Inc. bought a new position in shares of Akoustis Technologies during the second quarter worth about $170,000.
In related news, major shareholder Mark N. Tompkins sold 25,291 shares of Akoustis Technologies stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $7.50, for a total transaction of $189,682.50. Following the transaction, the insider now owns 2,290,000 shares of the company’s stock, valued at $17,175,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Mark N. Tompkins sold 11,676 shares of Akoustis Technologies stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $6.66, for a total value of $77,762.16. Following the transaction, the insider now directly owns 2,301,676 shares in the company, valued at approximately $15,329,162.16. The disclosure for this sale can be found here. Insiders sold 123,952 shares of company stock valued at $869,208 in the last three months. Insiders own 31.70% of the company’s stock.
Shares of Akoustis Technologies Inc (AKTS) opened at $5.23 on Tuesday. Akoustis Technologies Inc has a 1-year low of $4.91 and a 1-year high of $14.00.
About Akoustis Technologies
Akoustis Technologies, Inc, formerly Danlax, Corp., is a fabless company engaged in developing, designing and manufacturing radio frequency (RF) filter products for the mobile wireless device industry. The Company operates in the telecommunications and fiber optics sector. The Company is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones.
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