Invesco Ltd. lessened its stake in shares of Zhihu Inc. Sponsored ADR (NYSE:ZH – Free Report) by 11.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,056 shares of the company’s stock after selling 4,556 shares during the period. Invesco Ltd.’s holdings in Zhihu were worth $150,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Wolverine Trading LLC acquired a new position in shares of Zhihu during the 4th quarter worth about $38,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Zhihu during the 1st quarter worth about $55,000. New York State Common Retirement Fund raised its position in shares of Zhihu by 64.7% during the 1st quarter. New York State Common Retirement Fund now owns 52,144 shares of the company’s stock worth $223,000 after purchasing an additional 20,478 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Zhihu in the 4th quarter valued at about $242,000. Finally, PFG Investments LLC acquired a new stake in Zhihu in the 1st quarter valued at about $327,000. Institutional investors and hedge funds own 28.92% of the company’s stock.
Zhihu Trading Up 3.7%
ZH stock opened at $5.05 on Tuesday. The firm has a 50-day moving average of $4.59 and a two-hundred day moving average of $4.33. Zhihu Inc. Sponsored ADR has a 12 month low of $3.13 and a 12 month high of $6.32. The company has a market cap of $440.97 million, a price-to-earnings ratio of 22.96 and a beta of 0.22.
Zhihu Profile
Zhihu Inc operates an online content community in the People’s Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company offers technology, business support, and consulting services; information transmission, software, and information technology services.
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