BNY Mellon Sells Nearly 7,000 Shares of MYR Group Amid Shifts in Institutional Holdings

Bank of New York Mellon Corp recently filed its most recent Form 13F filing with the Securities & Exchange Commission, revealing it had lessened its holdings in shares of MYR Group, Inc. (NASDAQ:MYRG) by 5.4% during the first quarter.

The fund owned approximately 126,723 shares of the utilities provider's stock after selling 7,248 shares during the quarter, making up about 0.81% of MYR Group worth $35,776,000 at the end of the most recent reporting period.

Other hedge funds also made changes to their positions in MYR Group during the first quarter. Royal Bank of Canada boosted its stake by 20.8%, acquiring an additional 2,205 shares for a total of 12,791 shares worth $1,447,000.

AQR Capital Management LLC increased its holdings by 124.5% during the same period, acquiring an additional 6,044 shares for a total of 10,898 shares valued at $1,232,000.