Vestcor Inc cut its holdings in FinVolution Group (NYSE:FINV - Free Report) by 10.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 688,995 shares of the company's stock after selling 79,937 shares during the period. Vestcor Inc owned 0.26% of FinVolution Group worth $4,258,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FINV. SG Americas Securities LLC acquired a new position in FinVolution Group in the 2nd quarter valued at about $472,000. Commonwealth Equity Services LLC acquired a new position in shares of FinVolution Group in the second quarter valued at approximately $270,000. Acadian Asset Management LLC increased its stake in FinVolution Group by 12.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company's stock worth $13,634,000 after buying an additional 317,682 shares during the period. Caprock Group LLC acquired a new stake in FinVolution Group during the 2nd quarter worth approximately $479,000. Finally, American Century Companies Inc. boosted its position in FinVolution Group by 5.9% in the 2nd quarter. American Century Companies Inc. now owns 699,574 shares of the company's stock valued at $3,337,000 after buying an additional 39,252 shares during the period. Institutional investors and hedge funds own 31.15% of the company's stock.
FinVolution Group Stock Performance
Shares of NYSE:FINV traded down $0.12 during trading on Wednesday, hitting $6.83. The company's stock had a trading volume of 906,088 shares, compared to its average volume of 711,347. The company has a market capitalization of $1.81 billion, a PE ratio of 6.00 and a beta of 0.48. FinVolution Group has a fifty-two week low of $4.40 and a fifty-two week high of $7.29. The business has a 50 day moving average price of $6.32 and a two-hundred day moving average price of $5.57.
About FinVolution Group
(
Free Report)
FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.
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