Institutional Investors Bought $1.4B In Spotify Stock In Q3 (NASDAQ:SPOT) 

At least nine major institutional investors have significantly upped their stake in Spotify (NASDAQ:SPOT) in recent months. Total new institutional investments in Spotify topped $1.4 billion in Q3.

________________________

In the 3rd quarter institutional investments included:

• ARK Investment Management added 37% to its Spotify stock portfolio for a total value of $50,186,000 at the end of the most recent quarter.
• Robeco Institutional Asset Management B.V. bought 250,000 shares valued at approximately $45,208,000. 
• American Century Companies Inc. bought a new stake in Spotify valued at approximately $34,388,000. 
• Canada Pension Plan Investment Board bought 170,800 shares valued at approximately $30,886,000.
• Wells Fargo & Company boosted its shares in Spotify by 19.2% for a total value of $5,689,000
• Janney Montgomery Scott increased its shares of Spotify by 43.5% in the quarter, for a total value of about $780.000
• Pendal Group Ltd bought a new stake valued at $265,000.
• Stratos Wealth Partners added $596,000 in stock
• Parallel Advisors upped its holdings in Spotify by 51.7% in the quarter to a total value of $280,000.

H/T – MarketBeat