ProShare Advisors LLC Grows Stake in Tootsie Roll Industries, Inc. (TR)

ProShare Advisors LLC grew its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 3.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 439,981 shares of the company’s stock after acquiring an additional 12,782 shares during the period. ProShare Advisors LLC owned about 0.69% of Tootsie Roll Industries worth $15,333,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP grew its position in shares of Tootsie Roll Industries by 6.8% during the 2nd quarter. Royce & Associates LP now owns 1,031,967 shares of the company’s stock valued at $35,964,000 after acquiring an additional 65,500 shares during the period. Bank of New York Mellon Corp grew its position in shares of Tootsie Roll Industries by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 330,305 shares of the company’s stock valued at $11,511,000 after acquiring an additional 24,432 shares during the period. Wells Fargo & Company MN grew its position in shares of Tootsie Roll Industries by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 209,461 shares of the company’s stock valued at $7,299,000 after acquiring an additional 3,414 shares during the period. Reilly Herbert Faulkner III grew its position in shares of Tootsie Roll Industries by 6.4% during the 2nd quarter. Reilly Herbert Faulkner III now owns 124,044 shares of the company’s stock valued at $4,323,000 after acquiring an additional 7,507 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Tootsie Roll Industries by 7.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 86,391 shares of the company’s stock valued at $3,011,000 after acquiring an additional 6,240 shares during the period. 21.54% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries, Inc. (NYSE TR) traded up 0.80% on Friday, hitting $37.80. 368,779 shares of the stock were exchanged. Tootsie Roll Industries, Inc. has a 12 month low of $33.19 and a 12 month high of $40.44. The company has a 50-day moving average of $36.95 and a 200-day moving average of $36.71. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 35.16 and a beta of 0.70.

Separately, BidaskClub downgraded shares of Tootsie Roll Industries from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd.

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Tootsie Roll Industries Profile

Tootsie Roll Industries, Inc and its subsidiaries are engaged in the manufacture and sale of confectionery products. The Company offers a range of candy, chocolate and bubble gum brands. Its products are marketed in a range of packages designed to be suitable for display and sale in different types of retail outlets.

Institutional Ownership by Quarter for Tootsie Roll Industries (NYSE:TR)

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