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Australian Ethical Reduces Stake in Gentrack Limited

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Australian Ethical Reduces Stake in Gentrack Limited

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An announcement from Australian Ethical Investment Ltd ( (AU:AEF) ) is now available.

Australian Ethical Investment Ltd has announced that it has ceased to be a substantial holder in Gentrack Limited. The company reduced its holding through multiple on-market transactions, decreasing its stake from 5.75% to 4.94% of Gentrack’s ordinary shares. This change in investment position may influence Australian Ethical’s portfolio strategy and impact its involvement in Gentrack’s future growth or governance.

More about Australian Ethical Investment Ltd

Australian Ethical Investment Ltd operates within the ethical investment industry, focusing on providing investment solutions that align with ethical and sustainable principles. The company offers managed funds and superannuation products that cater to investors interested in ethical considerations, such as environmental sustainability and social responsibility.

YTD Price Performance: -3.85%

Average Trading Volume: 60

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €347M

For detailed information about AEF stock, go to TipRanks’ Stock Analysis page.

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