Karp Capital Management Corp bought a new position in Reliance Steel & Aluminum Co. (NYSE:RS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,924 shares of the industrial products company’s stock, valued at approximately $2,234,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CrestPoint Capital Management LLC purchased a new position in Reliance Steel & Aluminum Co. during the first quarter worth $208,000. Cigna Investments Inc. New bought a new stake in Reliance Steel & Aluminum Co. during the fourth quarter valued at $210,000. Private Advisor Group LLC bought a new stake in Reliance Steel & Aluminum Co. during the fourth quarter valued at $218,000. Dynamic Technology Lab Private Ltd bought a new stake in Reliance Steel & Aluminum Co. during the fourth quarter valued at $288,000. Finally, Janney Montgomery Scott LLC increased its stake in Reliance Steel & Aluminum Co. by 12.1% in the first quarter. Janney Montgomery Scott LLC now owns 3,856 shares of the industrial products company’s stock valued at $309,000 after buying an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 83.68% of the company’s stock.（Stock Observer）
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