BNP Paribas Arbitrage Ups its Interest in SQM Stock

According to a recent Form 13F filing submitted to the SEC, BNP Paribas Arbitrage disclosed a noteworthy and bullish position in SQM stock. Here’s what you need to know about Sociedad Química y Minera de Chile S.A., as well as BNP Paribas Arbitrage’s position in shares of SQM stock:

About Sociedad Química y Minera de Chile S.A. (NYSE: SQM)

Sociedad Química y Minera de Chile S.A. produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers. It also provides iodine and its derivatives for use in medical, pharmaceutical, agricultural, and industrial applications comprising x-ray contrast media, polarizing films for LCD and LED, antiseptics, biocides and disinfectants, pharmaceutical synthesis, electronics, pigments, and dye components. In addition, the company offers lithium carbonates for various applications that include electrochemical materials for batteries, frits for the ceramic and enamel industries, heat-resistant glass, air conditioning chemicals, continuous casting powder for steel extrusion, primary aluminum smelting process, pharmaceuticals, and lithium derivatives, as well as ingredient in manufacturing of gunpowder. Further, it supplies lithium hydroxide for the lubricating greases industry, as well as cathodes for batteries. Additionally, it offers potassium chloride and potassium sulfate for various crops, including corn, rice, sugar, soybean, and wheat; industrial chemicals, including sodium nitrate, potassium nitrate, potassium chloride, and solar salts; and other fertilizers and blends. The company operates in Chile, Latin America and the Caribbean, Europe, North America, Asia, and internationally. Sociedad Química y Minera de Chile S.A. was incorporated in 1968 and is headquartered in Santiago, Chile. Learn more about Sociedad Química y Minera de Chile S.A. on their website here

BNP Paribas Arbitrage Position in SQM

According to the most recent 13F filed by BNP Paribas Arbitrage, the firm added 58,769 shares of SQM stock to it holdings in the recent quarter. That brings their total long position in Sociedad Química y Minera de Chile S.A. to 255,203 shares, representing approximately 0.0893% of the entire 285,638,019 SQM shares outstanding. Based on the most recent closing price of $102.50 per share of SQM, the entire BNP Paribas Arbitrage position in SQM stock is worth roughly $26,158,307.50.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like BNP Paribas Arbitrage. Also be sure to check out more recent 13F filing analysis news here.