Federated Investors sell shares in Summit Materials Inc

Federated Investors Inc PA lowered its position in Summit Materials, Inc by 65.5 per cent in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).

The fund owned 144,883 shares of the construction company's stock after selling 274,734 shares during the quarter. Federated Investors Inc PA owned approximately 0.14 per cent of Summit Materials worth US$4,183,000 at the end of the most recent reporting period, reports The Ledger Gazette.

Other hedge funds have also recently made changes to their positions in Summit Materials. Zurcher Kantonalbank (Zurich Cantonalbank) lifted its stake in Summit Materials by 67.8 per cent in the first quarter. Zurcher Kantonalbank now owns 4,503 shares of the construction company’s stock valued at US$111,000 after acquiring an additional 1819 shares during the last quarter.

SG Americas Securities LLC raised its position in shares of Summit Materials by 27.8 per cent in the first quarter. SG Americas Securities LLC now owns 7,300 shares of the construction company’s stock valued at US$180,000 after purchasing an additional 1,589 shares during the period.

ARP Americas LLC bought a new amount of shares in Summit Materials in the second quarter valued at about US$211,000. Strs Ohio also bought  shares of Summit Materials in the first quarter valued at about US$192,000. Finally, Teacher Retirement System of Texas bought about US$209,000 worth of  shares of Summit Materials in the first quarter.