California-based Palisades Investment Partners disclosed a new position in Root (ROOT +4.02%) valued at $7.3 million as of September 30, according to an SEC filing released Thursday.What HappenedOn Thursday, Palisades Investment Partners reported a new stake in Root, acquiring 81,716 shares in the third quarter. The position, valued at$7.3 million as of September 30, was disclosed in a Form 13F filed with the U.S. Securities and Exchange Commission. The addition brings the fund’s total reportable U.S. equi ...