INDB ranks #1782 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
351 institutions disclose a position in INDB, but none treat it as a major bet — even Rockland Trust Co, its most concentrated holder, allocates just 4.7% of its own portfolio to it.
BlackRock has added to its INDB position for two straight quarters, increasing it by $61.1M to reach $584.3M today.
Alliancebernstein L.p. has trimmed its INDB position for two straight quarters, cutting it by $23.7M while still holding $88.7M.
INDB is up 2.1% today, and institutions have been net buyers of $397.6M this quarter — today's price move and the underlying institutional flow are pointing the same direction.