Quantbot Technologies LP Invests $1.17 Million in Emera Incorporated $EMRAF

Quantbot Technologies LP purchased a new position in Emera Incorporated (OTCMKTS:EMRAF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,003 shares of the company’s stock, valued at approximately $1,167,000.

Other institutional investors also recently added to or reduced their stakes in the company. Virtus Advisers LLC purchased a new stake in Emera during the second quarter worth about $150,000. K.J. Harrison & Partners Inc purchased a new position in Emera in the second quarter valued at about $377,000. Ieq Capital LLC bought a new position in shares of Emera during the 2nd quarter valued at approximately $477,000. Vise Technologies Inc. bought a new position in shares of Emera during the 2nd quarter valued at approximately $507,000. Finally, Tacita Capital Inc purchased a new stake in shares of Emera during the 2nd quarter worth approximately $3,022,000. Institutional investors own 23.75% of the company’s stock.

Emera Stock Performance

Shares of EMRAF stock opened at $45.41 on Wednesday. The company has a 50 day moving average of $45.41 and a 200-day moving average of $45.41. Emera Incorporated has a 12-month low of $32.00 and a 12-month high of $46.22.

Emera Profile

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.