Anchor Investment Management LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 5,644 shares of the company’s stock, valued at approximately $458,000.
Other institutional investors have also added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in American Electric Power by 7.6% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,327 shares of the company’s stock worth $785,000 after buying an additional 656 shares during the period. JPMorgan Chase & Co. raised its stake in American Electric Power by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,531,672 shares of the company’s stock worth $190,432,000 after buying an additional 522,608…
