First Trust Advisors LP Has $46.04 Million Stock Position in Rio Tinto PLC $RIO

First Trust Advisors LP decreased its stake in Rio Tinto PLC by 19.3% in the third quarter, reducing its holding to 697,464 shares valued at $46.04 million. Other hedge funds made various moves, with some increasing holdings and others initiating new positions. Wall Street analysts have mixed ratings on Rio Tinto, ranging from “Strong Buy” to “Hold,” with an average price target of $81.00.