Whittier Trust Co. of Nevada Inc. cut its stake in shares of Chunghwa Telecom Co. (NYSE:CHT) by 6.4% during the second quarter, Holdings Channel reports. The firm owned 18,882 shares of the company’s stock after selling 1,300 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Chunghwa Telecom were worth $685,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. AXA bought a new position in Chunghwa Telecom during the first quarter valued at about $196,000. Capital Fund Management S.A. acquired a new stake in shares of Chunghwa Telecom during the second quarter worth $261,000. Royal Bank of Canada boosted its stake in shares of Chunghwa Telecom by 38.6% in the first quarter. Royal Bank of Canada now owns 11,483 shares of the company’s stock worth $387,000 after buying an additional 3,200 shares during the last quarter. Aviance Capital Management LLC acquired a new stake in shares of Chunghwa Telecom during the second quarter worth $546,000. Finally, Cypress Wealth Advisors LLC boosted its stake in shares of Chunghwa Telecom by 19.7% in the first quarter. Cypress Wealth Advisors LLC now owns 18,868 shares of the company’s stock worth $637,000 after buying an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 5.47% of the company’s stock.
Shares of Chunghwa Telecom Co. (NYSE:CHT) traded down 0.08% during mid-day trading on Friday, reaching $35.29. 337,604 shares of the company were exchanged. Chunghwa Telecom Co. has a 12 month low of $29.31 and a 12 month high of $38.47. The firm has a 50-day moving average price of $35.66 and a 200 day moving average price of $35.22. The stock has a market capitalization of $27.38 billion, a P/E ratio of 19.94 and a beta of 0.28.
Separately, Zacks Investment Research cut shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
About Chunghwa Telecom
Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.
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