Vanguard Group Inc. lifted its holdings in shares of CytRx Co. (NASDAQ:CYTR) by 53.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,823,123 shares of the biotechnology company’s stock after acquiring an additional 1,689,874 shares during the quarter. Vanguard Group Inc. owned approximately 3.17% of CytRx worth $3,024,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, LMR Partners LLP bought a new position in CytRx in the second quarter worth $235,000. Institutional investors own 44.97% of the company’s stock.
CytRx Co. (NASDAQ CYTR) opened at $1.94 on Wednesday. CytRx Co. has a twelve month low of $1.71 and a twelve month high of $6.00.
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CytRx Company Profile
CytRx Corporation is a biopharmaceutical research and development company specializing in oncology. The Company is focused on the clinical development of aldoxorubicin, its modified version of the chemotherapeutic agent, doxorubicin. It is engaged in Phase III trials for aldoxorubicin as a therapy for patients with soft tissue sarcoma (STS) whose tumors have progressed after treatment with chemotherapy.
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