Van ECK Associates Corp Has $107.64 Million Stake in Rio Tinto plc ADR (NYSE:RIO)
Van ECK Associates Corp decreased its holdings in shares of Rio Tinto plc ADR (NYSE:RIO) by 11.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,726,662 shares of the mining company’s stock after selling 220,320 shares during the quarter. Van ECK Associates Corp owned 0.14% of Rio Tinto worth $107,640,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of RIO. Mid Atlantic Financial Management Inc. ADV boosted its holdings in Rio Tinto by 32.6% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 8,367 shares of the mining company’s stock valued at $522,000 after acquiring an additional 2,057 shares during the last quarter. Avestar Capital LLC boosted its holdings in Rio Tinto by 4,537.0% in the second quarter. Avestar Capital LLC now owns 1,252 shares of the mining company’s stock valued at $61,000 after acquiring an additional 1,225 shares during the last quarter. H D Vest Advisory Services boosted its holdings in Rio Tinto by 12.0% in the second quarter. H D Vest Advisory Services now owns 18,532 shares of the mining company’s stock valued at $1,155,000 after acquiring an additional 1,984 shares during the last quarter. Enlightenment Research LLC bought a new stake in Rio Tinto in the second quarter valued at approximately $548,000. Finally, Lester Murray Antman dba SimplyRich bought a new stake in Rio Tinto in the second quarter valued at approximately $443,000. 8.71% of the stock is owned by hedge funds and other institutional investors.
Shares of RIO stock traded down $0.57 on Friday, hitting $47.98. 1,917,796 shares of the stock were exchanged, compared to its average volume of 2,432,551. The company has a current ratio of 1.55, a quick ratio of 1.22 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $61.75 billion, a PE ratio of 9.46 and a beta of 0.83. Rio Tinto plc ADR has a one year low of $44.62 and a one year high of $64.02. The firm’s 50 day moving average is $55.37 and its two-hundred day moving average is $58.07.
Rio Tinto Company Profile
Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.
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