Innoviva Inc (INVA) Shares Sold by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System trimmed its holdings in Innoviva Inc (NASDAQ:INVA) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,556 shares of the biotechnology company’s stock after selling 36,907 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Innoviva were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of INVA. SG Americas Securities LLC acquired a new position in Innoviva during the fourth quarter valued at approximately $5,208,000. Rhumbline Advisers raised its stake in Innoviva by 19.2% in the fourth quarter. Rhumbline Advisers now owns 197,241 shares of the biotechnology company’s stock valued at $3,442,000 after buying an additional 31,815 shares during the period. Wedge Capital Management L L P NC raised its stake in Innoviva by 24.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 44,430 shares of the biotechnology company’s stock valued at $775,000 after buying an additional 8,741 shares during the period. Cordatus Wealth Management LLC bought a new stake in Innoviva in the fourth quarter valued at approximately $736,000. Finally, Ackerman Capital Advisors LLC bought a new stake in Innoviva in the fourth quarter valued at approximately $22,000,000. 75.77% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:INVA traded up $0.09 on Monday, hitting $14.82. The company’s stock had a trading volume of 1,228,854 shares, compared to its average volume of 1,488,338. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 4.20 and a beta of 1.89. Innoviva Inc has a one year low of $13.26 and a one year high of $20.54.
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Innoviva Company Profile
Innoviva, Inc engages in the development and commercialization of bio-pharmaceuticals. Its portfolio of respiratory products include RELVAR/BREO ELLIPTA, (fluticasone furoate/ vilanterol, FF/VI); ANORO ELLIPTA (umeclidinium bromide/ vilanterol, UMEC/VI); and TRELEGY ELLIPTA (the combination FF/UMEC/VI).
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