Bank of America Corp DE acquired 939,111 shares of Ero Copper Corp.
The new position is valued at approximately $25.12 million.
This investment represents a 0.90% stake in the copper producer.
Man Group plc, Jupiter Topco LLC, and Kapitalo Investimentos Ltda also recently acquired significant stakes.
Total institutional ownership of the company has reached 71.30%.
The capital influx indicates growing institutional confidence in Ero Copper’s prospects and strategy.