Wellington Management Group LLP increased its stake in Ichor Holdings, Ltd. by 54.3%. The firm made this move during the second quarter, according to a recent SEC filing.
Wellington Management acquired an additional 390,017 shares. This acquisition brought its total holdings to 1,108,844 shares.
The transaction was valued at approximately $124.5 million at the time of filing. It gives Wellington Management a 2.96% ownership stake in the technology company.
Such a significant institutional purchase often signals strong conviction in the company's long-term value to the market.
This news follows a recent insider sale. COO Bruce Ragsdale sold shares on September 1st.