Luxembourg’s Assenagon buys new stake in U.S. Monster Beverage for $38.1 mln

10/30/2018 9:29:00 AM (GMT)

Luxembourg-based asset manager Assenagon Asset Management S.A. purchased a new stake in shares of U.S. beverage company Monster Beverage Corp in the third quarter.

Assenagon purchased 655,381 shares of Monster Beverage’s stock, valued at approximately $38.1 million. Assenagon Asset Management S.A. owned about 0.12 percent of Monster Beverage.

Several other hedge funds and other institutional investors have also made changes to their positions in Monster Beverage.

Monster Beverage stock traded up $0.61 during midday trading on Monday, reaching $51.66.

Assenagon Asset Management S.A.

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