As Icici Bk LTD (IBN) Stock Rose, Bloom Tree Partners LLC Raised Position

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Bloom Tree Partners Llc increased its stake in Icici Bk Ltd (IBN) by 14.15% based on its latest 2019Q1 regulatory filing with the SEC. Bloom Tree Partners Llc bought 514,984 shares as the company’s stock rose 12.42% with the market. The hedge fund held 4.15 million shares of the commercial banks company at the end of 2019Q1, valued at $47.60M, up from 3.64 million at the end of the previous reported quarter. Bloom Tree Partners Llc who had been investing in Icici Bk Ltd for a number of months, seems to be bullish on the $40.02B market cap company. The stock decreased 0.56% or $0.07 during the last trading session, reaching $12.32. About 4.04 million shares traded. ICICI Bank Limited (NYSE:IBN) has risen 16.47% since July 14, 2018 and is uptrending. It has outperformed by 12.04% the S&P500.

Bloom Tree Partners Llc, which manages about $1.41B and $918.81M US Long portfolio, decreased its stake in Alphabet Inc by 9,633 shares to 47,478 shares, valued at $55.71 million in 2019Q1, according to the filing. It also reduced its holding in Anthem Inc (NYSE:ANTM) by 17,260 shares in the quarter, leaving it with 65,733 shares, and cut its stake in T Mobile Us Inc (NYSE:TMUS).

More notable recent ICICI Bank Limited (NYSE:IBN) news were published by: Finance.Yahoo.com which released: “Is Koninklijke Philips NV (PHG) A Good Stock To Buy? – Yahoo Finance” on June 28, 2019, also Benzinga.com with their article: “31 Stocks Moving In Monday’s Pre-Market Session – Benzinga” published on May 20, 2019, Finance.Yahoo.com published: “Here is What Hedge Funds Think About ICICI Bank Limited (IBN) – Yahoo Finance” on June 19, 2019. More interesting news about ICICI Bank Limited (NYSE:IBN) were released by: Seekingalpha.com and their article: “ICICI Bank – Know The Risks First – Seeking Alpha” published on April 23, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About Prudential Financial Inc (PRU) – Yahoo Finance” with publication date: June 19, 2019.

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