Sun Sep 15 10:54:59 UTC 2024: ## Choreo LLC Invests in British American Tobacco, Joining Other Hedge Funds
**New York, NY -** Choreo LLC has recently acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI), according to a filing with the Securities and Exchange Commission (SEC). The investment firm purchased 18,052 shares of the company’s stock, valued at approximately $561,000, during the second quarter.
Choreo joins several other hedge funds that have also adjusted their holdings in the tobacco giant. 1832 Asset Management L.P., Gallacher Capital Management LLC, Dearborn Partners LLC, and Moody National Bank Trust Division all increased their positions in British American Tobacco during the first quarter. MADDEN SECURITIES Corp also grew its stake in the company during the second quarter.
As of now, institutional investors and hedge funds own 21.44% of British American Tobacco’s outstanding shares.
British American Tobacco is a multinational company that provides tobacco and nicotine products worldwide. Its portfolio includes combustible cigarettes, as well as vapour, heated, and modern oral nicotine products. The company’s brands include Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi.
Shares of British American Tobacco opened at $39.17 on Friday. The company has a 12-month low of $28.25 and a 12-month high of $39.25.
For further information on hedge fund holdings in British American Tobacco, visit HoldingsChannel.com.
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