General American Investors Company, Inc. (NYSE:GAM) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in General American Investors Company, Inc. (NYSE:GAM – Get Rating) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,251 shares of the investment management company’s stock after purchasing an additional 1,888 shares during the period. Envestnet Asset Management Inc. owned approximately 0.17% of General American Investors worth $1,455,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC increased its holdings in shares of General American Investors by 1.4% in the first quarter. Lazard Asset Management LLC now owns 1,314,303 shares of the investment management company’s stock valued at $55,818,000 after purchasing an additional 18,292 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of General American Investors by 57.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 521,590 shares of the investment management company’s stock worth $18,855,000 after buying an additional 191,137 shares during the last quarter. Bulldog Investors LLP boosted its stake in shares of General American Investors by 0.5% in the third quarter. Bulldog Investors LLP now owns 331,362 shares of the investment management company’s stock worth $11,217,000 after buying an additional 1,504 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of General American Investors by 6.9% in the first quarter. Bank of America Corp DE now owns 181,198 shares of the investment management company’s stock worth $7,695,000 after buying an additional 11,630 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its stake in shares of General American Investors by 9.9% in the fourth quarter. Shaker Financial Services LLC now owns 124,938 shares of the investment management company’s stock worth $4,517,000 after buying an additional 11,232 shares during the last quarter. 22.63% of the stock is owned by institutional investors and hedge funds.

General American Investors Stock Performance

Shares of GAM opened at $40.04 on Tuesday. General American Investors Company, Inc. has a 52 week low of $33.23 and a 52 week high of $40.30. The stock’s 50-day moving average price is $38.76 and its 200-day moving average price is $37.98.

General American Investors Profile

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General American Investors Company, Inc is a diversified, closed-end management investment company. The primary objective of the Company is long-term capital appreciation. The Company invests principally in common stocks. The Company may purchase and write (sell) put and call options. The Company has internally managed a global portfolio of investments, consisting of common stocks of the United States companies, including international and private securities.