JPMorgan Chase & Co. reduced its stake in Metaldyne Performance Group Inc (NYSE:MPG) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,516 shares of the auto parts company’s stock after selling 445 shares during the period. JPMorgan Chase & Co.’s holdings in Metaldyne Performance Group were worth $1,634,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board increased its position in Metaldyne Performance Group by 12.1% in the first quarter. State of Wisconsin Investment Board now owns 156,920 shares of the auto parts company’s stock valued at $3,586,000 after buying an additional 16,920 shares during the period. Eagle Boston Investment Management Inc. increased its position in Metaldyne Performance Group by 3.2% in the first quarter. Eagle Boston Investment Management Inc. now owns 344,173 shares of the auto parts company’s stock valued at $7,864,000 after buying an additional 10,592 shares during the period. Sei Investments Co. increased its position in Metaldyne Performance Group by 1,908.3% in the first quarter. Sei Investments Co. now owns 33,981 shares of the auto parts company’s stock valued at $776,000 after buying an additional 32,289 shares during the period. Bank of New York Mellon Corp increased its position in Metaldyne Performance Group by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 343,778 shares of the auto parts company’s stock valued at $7,855,000 after buying an additional 9,507 shares during the period. Finally, Wells Fargo & Company MN increased its position in Metaldyne Performance Group by 0.9% in the first quarter. Wells Fargo & Company MN now owns 12,988 shares of the auto parts company’s stock valued at $297,000 after buying an additional 119 shares during the period. 18.58% of the stock is currently owned by hedge funds and other institutional investors.
Metaldyne Performance Group Inc (MPG) opened at 21.90 on Thursday. Metaldyne Performance Group Inc has a 12-month low of $13.90 and a 12-month high of $24.00. The stock has a 50 day moving average of $21.90 and a 200 day moving average of $22.53.
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About Metaldyne Performance Group
Metaldyne Performance Group Inc provides components for use in engine, transmission and driveline (Powertrain) and chassis, suspension, steering and brake component (Safety-Critical) Platforms for the global light, commercial and industrial vehicle markets. The Company produces these components using complex metal-forming manufacturing technologies and processes for a customer base of vehicle original equipment manufacturers and Tier I suppliers.
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