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Mormon Church posts 900% gain on GameStop stock

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The Mormon Church's investment arm posted a 900% gain on GameStop stock during the first quarter.

Ensign Peak Advisors' stake in the company jumped to $8.7 million during the first three months of the year. The shares were worth under $900,000 when they were purchased.

GameStop during the quarter become Ensign's No. 455 most-valuable holding.

Read more from Business Insider.

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