Bank Of Nova Scotia Trust Company Increased Its Pembina Pipeline Corp (PBA) Stake by $5.05 Million

May 3, 2018 - By Mark Williams

Pembina Pipeline Corporation (NYSE:PBA) Corporate Logo

Based on the latest 2017Q4 regulatory filing with the SEC, Bank Of Nova Scotia Trust Company upped its holdings in Pembina Pipeline Corp (PBA) by 36.24%. The company’s stock declined 12.97% with the market as Bank Of Nova Scotia Trust Company bought 140,170 shares. At the end of 2017Q4, the institutional investor held 526,917 shares of the oil & gas production company, valued at $19.06M, up from 386,747 at the end of the previous reported quarter. $16.05 billion is Pembina Pipeline Corp’s market cap. Ticker’s shares touched $31.84 during the last trading session after 0.35% change.Pembina Pipeline Corporation is downtrending after having declined 3.38% since May 3, 2017. PBA has 773,157 volume or 23.22% up from normal. PBA underperformed by 14.93% the S&P500.

According to a filing Bank Of Nova Scotia Trust Company reduced its stake in Royal Bk Cda Montreal Que (NYSE:RY) by 75,523 shares to 1.41M shares, valued at $114.82 million in 2017Q4. The fund manages about $923.33M US Long portfolio. For a total of 966,989 shares it reduced its holding in Transcanada Corp (NYSE:TRP) by 98,900 shares in the quarter, and has cut its stake in Brookfield Ppty Partners LP (NYSE:BPY).

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