Pembina Pipeline Stock Is Down, but Here's Why One Institutional Buyer Invested $316 Million

Montreal-based Jarislowsky Fraser disclosed a major purchase of Pembina Pipeline (NYSE:PBA), adding nearly 8.4 million shares in the third quarter. The estimated transaction value was about $316 million.According to a filing with the Securities and Exchange Commission released on Tuesday, investment management firm Jarislowsky Fraser increased its position in Pembina Pipeline by 8,372,612 shares during the third quarter. The estimated trade size was $315.9 million. The fund’s total stake at quarter-end was 8.8 million shares valued at $356.5 million.This was a significant buy, with Pembina Pipeline now representing 2% of the fund’s $18.2 billion in reportable U.S. equity holdings as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool