Trust Point Inc. recently increased its stake in Rivian Automotive Inc. (NASDAQ: RIVN), purchasing more than 10,478 shares of the auto manufacturer’s stock. The total value of the recently purchased shares stands at $246,000. Trust Point is one of several institutional investors and hedge funds that have made changes to their positions in Rivian Automotive.
During the third quarter, Vanguard Group Inc. increased its stake in the electric vehicle manufacturer by 0.6%. After buying the additional 408,677 shares, the investment company now owns 63,845,364 shares of Rivian, with a total value of worth…
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