Quantbot Technologies LP Buys New Position in Emera Incorporated $EMRAF

Quantbot Technologies LP purchased a new position in shares of Emera Incorporated (OTCMKTS:EMRAF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,003 shares of the company’s stock, valued at approximately $1,167,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc bought a new position in Emera during the 2nd quarter valued at $3,022,000. Alberta Investment Management Corp purchased a new position in Emera during the 2nd quarter worth $4,389,000. Deutsche Bank AG bought a new stake in shares of Emera in the 2nd quarter worth $21,459,000. BlackRock Inc. bought a new stake in shares of Emera in the 2nd quarter worth $30,445,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Emera in the second quarter valued at about $17,886,000. 23.75% of the stock is owned by hedge funds and other institutional investors.

Emera Price Performance

EMRAF opened at $45.41 on Wednesday. Emera Incorporated has a fifty-two week low of $32.00 and a fifty-two week high of $46.22. The company’s 50-day moving average is $45.41 and its 200 day moving average is $45.41.

About Emera

Emera Inc is a diversified energy and services holding company headquartered in Halifax, Nova Scotia. Through its subsidiaries and affiliates, Emera is engaged in the generation, transmission and distribution of electricity as well as gas distribution and energy infrastructure development. The company’s core businesses include regulated electric utilities, natural gas distribution, and ownership stakes in offshore wind projects and transmission pipelines.

In Canada, Emera operates Nova Scotia Power, the largest electric utility in the province, delivering electricity to residential, commercial and industrial customers.