Texas Yale Capital Corp. bought a new stake in Texas Pacific Land Trust (NYSE:TPL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 360 shares of the financial services provider’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also modified their holdings of TPL. Steinberg Global Asset Management acquired a new stake in shares of Texas Pacific Land Trust in the second quarter valued at about $9,024,000. Fiera Capital Corp acquired a new stake in shares of Texas Pacific Land Trust in the second quarter valued at about $2,920,000. Creative Planning acquired a new stake in shares of Texas Pacific Land Trust in the second quarter valued at about $2,088,000. Wells Fargo & Company MN raised its position in shares of Texas Pacific Land Trust by 12.4% in the first quarter. Wells Fargo & Company MN now owns 27,220 shares of the financial services provider’s stock valued at $13,757,000 after buying an additional 2,994 shares during the last quarter. Finally, Ironsides Asset Advisors LLC acquired a new stake in shares of Texas Pacific Land Trust in the second quarter valued at about $1,300,000. Institutional investors and hedge funds own 39.32% of the company’s stock.

Texas Pacific Land Trust stock opened at $789.00 on Friday. Texas Pacific Land Trust has a 12-month low of $356.94 and a 12-month high of $825.90. The stock has a market cap of $6.27 billion, a P/E ratio of 43.26 and a beta of 1.18.

Texas Pacific Land Trust Company Profile

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust.

Read More: How are Outstanding Shares Different from Authorized Shares?

Institutional Ownership by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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