Cetera Investment Advisers, a well-known institutional investor, has been making significant acquisitions in various industries recently. As a result, the company has seen a growth in their stake percentage in several companies. In this article, we will take a closer look at some of these acquisitions and their impact on Cetera Investment Advisers' stake percentage.
One of the recent acquisitions by Cetera Investment Advisers was in the specialty chemicals industry. The company acquired an additional 1,684 shares, bringing their total stake in the company to 7,488 shares valued at $770,000. This acquisition represents a significant increase in their stake percentage in the company.
Similarly, Cetera Investment Advisers also acquired an additional 254 shares in a utilities provider, bringing their total stake in the company to 19,489 shares worth $1,845,000. This acquisition also resulted in a growth in their stake percentage in the company.
In the restaurant industry, Cetera Investment Advisers grew their position in shares of Domino's Pizza by an undisclosed amount. CI Investments Inc. also increased their stake in the company, owning 423 shares of the popular pizza chain.
Another industry that Cetera Investment Advisers has been active in is real estate investment trusts (REITs). The company purchased an additional 1,045 shares in a REIT, bringing their total stake in the company to 49,371 shares valued at $547,000.
In the world of exchange-traded funds (ETFs), Cetera Investment Advisers was among the investors that saw a slight decrease in shares of the Invesco Variable Rate Investment Grade ETF. This ETF is known for its focus on investment-grade debt securities.
One of the biggest acquisitions made by Cetera Investment Advisers was in the energy sector. The company grew their stake in TotalEnergies by 2.8% in the first quarter of 2021. As a result, they now own 70,526 shares of the energy giant's stock.
In the foodservice industry, Cetera Investment Advisers also grew their position in shares of Sysco. The company acquired an additional 1,355 shares, bringing their total stake in the food distributor to 7,688 shares worth $477,000.
Aside from these specific acquisitions, Cetera Investment Advisers has also been active in other industries such as healthcare, technology, and financial services. The company's diverse portfolio has allowed them to spread their investments across various sectors, reducing their overall risk.
In conclusion, Cetera Investment Advisers has been making significant acquisitions in various industries recently, resulting in a growth in their stake percentage in several companies. From specialty chemicals to energy, the company has been active in many sectors, allowing them to diversify their portfolio and reduce their overall risk. As an institutional investor, Cetera Investment Advisers' actions can have a significant impact on the companies they invest in, making them a key player in the world of finance.
