Big Boys are buying!!! Van ECK Associates Corp acquired a new stake in Alio Gold Inc (NYSEAMERICAN:ALO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,193,770 shares of the company’s stock, valued at approximately $4,645,000. Van ECK Associates Corp owned 3.81% of Alio Gold at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of ALO. Aegis Financial Corp grew its stake in Alio Gold by 127.8% during the 1st quarter. Aegis Financial Corp now owns 1,452,242 shares of the company’s stock worth $2,828,000 after purchasing an additional 814,665 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Alio Gold by 59.6% during the 1st quarter. JPMorgan Chase & Co. now owns 486,150 shares of the company’s stock worth $948,000 after purchasing an additional 181,500 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in Alio Gold by 19.6% during the 2nd quarter. Donald Smith & CO. Inc. now owns 616,254 shares of the company’s stock worth $900,000 after purchasing an additional 100,834 shares in the last quarter. Renaissance Technologies LLC grew its stake in Alio Gold by 7.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,438,580 shares of the company’s stock worth $2,100,000 after purchasing an additional 96,000 shares in the last quarter. Finally, CIBC World Markets Inc. grew its stake in Alio Gold by 131.8% during the 2nd quarter. CIBC World Markets Inc. now owns 151,180 shares of the company’s stock worth $221,000 after purchasing an additional 85,956 shares in the last quarter.