Park Avenue Securities LLC lifted its stake in DraftKings by 15.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

The institutional investor owned 24,639 shares of the company’s stock after purchasing an additional 3,221 shares during the quarter. Park Avenue Securities LLC’s holdings in DraftKings were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Cornerstone Advisory LLC bought a new position in DraftKings during the fourth quarter valued at approximately $39,000. Paradigm Financial Advisors LLC raised its position in DraftKings by 6.3% during the fourth quarter. Paradigm Financial Advisors LLC now owns 25,995 shares of the company’s stock valued at $714,000 after acquiring an additional 1,540 shares in the last quarter.

Charles Schwab Investment Management Inc. raised its position in DraftKings by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,824 shares of the company’s stock valued at $27,822,000 after acquiring an additional 35,901 shares in the last quarter. Ropes Wealth Advisors LLC bought a new position in DraftKings during the fourth quarter valued at approximately $5,695,000. Finally, Titleist Asset Management bought a new position in DraftKings during the fourth quarter valued at approximately $436,000. 33.91% of the stock is owned by hedge funds and other institutional investors.