IAM Advisory LLC Purchases Shares of Advanced Energy Industries, Inc.

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IAM Advisory LLC acquired a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,132 shares of the electronics maker's stock, valued at approximately $1,075,000.

Why it matters

Advanced Energy Industries is a leading manufacturer of precision power conversion, measurement, and control solutions used in a variety of industries, including semiconductor fabrication, flat panel display manufacturing, and medical device production. The acquisition of shares by IAM Advisory LLC suggests institutional investor interest and confidence in the company's growth prospects.

The details

According to the filing, IAM Advisory LLC purchased 5,132 shares of Advanced Energy Industries in the fourth quarter. The shares were valued at approximately $1,075,000. The acquisition represents a new position for the institutional investor in the electronics maker.

• IAM Advisory LLC acquired the shares in the fourth quarter.