/Bank Montreal Que (BMO) Shareholder Mackenzie Financial Corp Has Raised Stake (via Qpute.com)
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Bank Montreal Que (BMO) Shareholder Mackenzie Financial Corp Has Raised Stake (via Qpute.com)

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Mackenzie Financial Corp increased its stake in Bank Montreal Que (BMO) by 5.92% based on its latest 2019Q1 regulatory filing with the SEC. Mackenzie Financial Corp bought 478,003 shares as the company’s stock declined 4.85% . The hedge fund held 8.55M shares of the commercial banks company at the end of 2019Q1, valued at $639.66M, up from 8.07 million at the end of the previous reported quarter. Mackenzie Financial Corp who had been investing in Bank Montreal Que for a number of months, seems to be bullish on the $44.56B market cap company. The stock decreased 0.13% or $0.09 during the last trading session, reaching $69.85. About 126,859 shares traded. Bank of Montreal (NYSE:BMO) has declined 6.24% since August 23, 2018 and is downtrending. It has underperformed by 6.24% the S&P500.

Mackenzie Financial Corp, which manages about $61.70B and $41.44 billion US Long portfolio, decreased its stake in Philip Morris Intl Inc (NYSE:PM) by 880,178 shares to 3.29M shares, valued at $290.69 million in 2019Q1, according to the filing. It also reduced its holding in National Retail Pptys Inc (NYSE:NNN) by 61,327 shares in the quarter, leaving it with 34,518 shares, and cut its stake in Jpmorgan Chase & Co (NYSE:JPM).

More notable recent Bank of Montreal (NYSE:BMO) news were published by: Fool.ca which released: “CIBC (TSX:CM) or BMO (TSX:BMO): Which Major Bank Belongs in Your RRSP? – The Motley Fool Canada” on July 31, 2019, also Benzinga.com with their article: “Coca-Cola Company (The) (NYSE:KO) – Coca-Cola Is Well Positioned To Achieve Higher End Of Sales Growth Outlook, BMO Says – Benzinga” published on July 24, 2019, Benzinga.com published: “BMO InvestorLine President: ‘The More Innovation In This Space, The Better’ – Benzinga” on August 08, 2019. More interesting news about Bank of Montreal (NYSE:BMO) were released by: Seekingalpha.com and their article: “BMO, Scotiabank test quantum computing speedups for trading products – Seeking Alpha” published on August 20, 2019 as well as Benzinga.com‘s news article titled: “BMO: Tyson Foods Posts Q2 Beat On Stellar Performance In Prepared Foods – Benzinga” with publication date: August 06, 2019.

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