Cisco Systems Sees Continued Institutional Buying Interest

AMG National Trust Bank has acquired a new position in shares of Cisco Systems, Inc. ($CSCO), according to its recent 13F filing with the Securities and Exchange Commission.

The fund purchased 57,683 shares of the network equipment provider's stock, valued at approximately $6,775,000 during the second quarter.

This is not an isolated incident; several other hedge funds have also bought into Cisco Systems in recent quarters. Bridgewater Advisors Inc. and World Investment Advisors increased their positions by buying additional shares, while WCG Wealth Advisors LLC saw a significant increase of 101.8% in its stake.