Healthcare Fund Invests $2.46 Million in Ally Financial

The Healthcare of Ontario Pension Plan Trust Fund has invested $2.46 million in Ally Financial Inc., purchasing approximately 62,800 shares of the financial services provider's stock.

This new stake was acquired by the fund during the first quarter, as reported in its most recent filing with the Securities and Exchange Commission (SEC).

Ally Financial has seen increased institutional investment, with other firms like Royal Bank of Canada and NewEdge Advisors LLC boosting their holdings in the company.