Vanguard picks up 5% of AMP Limited

Major investment house Vanguard has taken advantage of the recent decline in AMP Limited’s share price, picking up a 5.1 per cent interest in the company.

Vanguard Group announced to the Australian Securities Exchange (ASX) that it had picked up 144,315,656 AMP Limited shares across a range of transactions, paying as little $4.32 per share last Thursday but as high as $5.35 in February.

Related News:

Of the AMP shares purchased, the ASX announcement revealed that the majority had been acquired by the US parent company, Vanguard Group with the remainder being acquired by Vanguard Investments Australia.




Recommended for you

Author

Comments

Add new comment