12,825,938 Shares in Emera Incorporated $EMRAF Bought by Cibc World Market Inc.

Cibc World Market Inc. acquired a new stake in Emera Incorporated (OTCMKTS:EMRAF – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,825,938 shares of the company’s stock, valued at approximately $679,743,000. Emera accounts for 1.1% of Cibc World Market Inc.’s investment portfolio, making the stock its 23rd largest position.

Several other large investors have also bought and sold shares of EMRAF. Virtus Advisers LLC acquired a new position in Emera during the 2nd quarter worth about $150,000. K.J. Harrison & Partners Inc acquired a new stake in shares of Emera in the second quarter valued at about $377,000. Ieq Capital LLC bought a new position in shares of Emera during the second quarter worth about $477,000. Vise Technologies Inc. bought a new position in shares of Emera during the second quarter worth about $507,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Emera in the second quarter worth approximately $811,000. 23.75% of the stock is owned by institutional investors.

Emera Stock Performance

Shares of EMRAF stock opened at $45.41 on Monday. The business’s 50 day simple moving average is $45.41 and its 200 day simple moving average is $45.41. Emera Incorporated has a one year low of $32.00 and a one year high of $46.22.

Emera Company Profile

(Free Report)

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.

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