Arrowstreet Capital Limited Partnership Lowered Rio Tinto Plc (RIO) Holding by $69.82 Million; Valuation Declined

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Arrowstreet Capital Limited Partnership decreased its stake in Rio Tinto Plc (RIO) by 8.71% based on its latest 2019Q2 regulatory filing with the SEC. Arrowstreet Capital Limited Partnership sold 1.13 million shares as the company’s stock declined 1.48% . The institutional investor held 11.80 million shares of the precious metals company at the end of 2019Q2, valued at $735.65 million, down from 12.93M at the end of the previous reported quarter. Arrowstreet Capital Limited Partnership who had been investing in Rio Tinto Plc for a number of months, seems to be less bullish one the $92.19 billion market cap company. The stock increased 2.16% or $1.16 during the last trading session, reaching $54.85. About 2.47 million shares traded or 10.20% up from the average. Rio Tinto Group (NYSE:RIO) has risen 8.54% since September 13, 2018 and is uptrending. It has outperformed by 8.54% the S&P500.

Arrowstreet Capital Limited Partnership, which manages about $55.30B and $44.85 billion US Long portfolio, upped its stake in Bhp Group Ltd (NYSE:BHP) by 1.02M shares to 3.34M shares, valued at $194.02M in 2019Q2, according to the filing. It also increased its holding in Umpqua Hldgs Corp (NASDAQ:UMPQ) by 248,482 shares in the quarter, for a total of 534,956 shares, and has risen its stake in China Mobile Limited (NYSE:CHL).

More notable recent Rio Tinto Group (NYSE:RIO) news were published by: Finance.Yahoo.com which released: “NYSE: TRK Investor Notice: Lawsuit against Acquisition of Speedway Motorsports, Inc. announced by Shareholders Foundation – Yahoo Finance” on September 09, 2019, also Seekingalpha.com with their article: “Rio Tinto declares $1.51/ADS interim dividend – Seeking Alpha” published on August 01, 2019, Seekingalpha.com published: “Rio Tinto declares final dividend of $1.80 dividend – Seeking Alpha” on February 27, 2019. More interesting news about Rio Tinto Group (NYSE:RIO) were released by: Seekingalpha.com and their article: “Iron ore shipment surge widens spread between seaborne, port prices – Seeking Alpha” published on August 27, 2019 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For September 5, 2019 – Benzinga” with publication date: September 05, 2019.

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