Bank Of Nova Scotia (BNS) Holding Has Raised by Highstreet Asset Management Inc

August 12, 2018 - By Patrick Harkless

The Bank of Nova Scotia (NYSE:BNS) Logo

Highstreet Asset Management Inc increased its stake in Bank Of Nova Scotia (BNS) by 39.27% based on its latest 2018Q1 regulatory filing with the SEC. Highstreet Asset Management Inc bought 472,609 shares as the company’s stock declined 0.93% with the market. The institutional investor held 1.68M shares of the major banks company at the end of 2018Q1, valued at $103.24 million, up from 1.20 million at the end of the previous reported quarter. Highstreet Asset Management Inc who had been investing in Bank Of Nova Scotia for a number of months, seems to be bullish on the $72.19B market cap company. The stock decreased 1.51% or $0.89 during the last trading session, reaching $58.13. About 700,867 shares traded. The Bank of Nova Scotia (NYSE:BNS) has risen 10.02% since August 12, 2017 and is uptrending. It has underperformed by 2.55% the S&P500.

Highstreet Asset Management Inc, which manages about $1.53 billion US Long portfolio, decreased its stake in Open Text Corp. (NASDAQ:OTEX) by 351,543 shares to 577,420 shares, valued at $20.09M in 2018Q1, according to the filing. It also reduced its holding in Enbridge Inc. (NYSE:ENB) by 277,568 shares in the quarter, leaving it with 1.92 million shares, and cut its stake in Agnico Eagle Mines Ltd. (NYSE:AEM).

More notable recent The Bank of Nova Scotia (NYSE:BNS) news were published by: Fool.ca which released: “Is Bank of Nova Scotia (TSX:BNS) the Best Dividend Stock Right Now?” on July 16, 2018, also Seekingalpha.com with their article: “Bank Of Nova Scotia: New Buy” published on July 26, 2018, Seekingalpha.com published: “National Bank Of Canada: The Underrated Canadian Bank” on July 30, 2018. More interesting news about The Bank of Nova Scotia (NYSE:BNS) were released by: Seekingalpha.com and their article: “July 2018 Watchlist” published on July 25, 2018 as well as Twst.com‘s news article titled: “The Bank of Nova Scotia: Scotiabank to Announce Third Quarter Results” with publication date: August 09, 2018.

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