HUBB ranks #472 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
HUBB is a top-conviction position for United Bank — at 17.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in HUBB belongs to BlackRock, Inc., but the position matters far more to United Bank, who has 17.5% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
DAVENPORT & Co LLC has added to its HUBB position for two straight quarters, increasing it by $1.1M to reach $1.9M today.
Vontobel Holding Ltd. has trimmed its HUBB position for two straight quarters, cutting it by $20.5M while still holding $35.1M.
HUBB is down 1.8% today, but institutions show net buying of $12.0B this quarter — a divergence between today's price move and the underlying institutional flow.