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Swiss National Bank Sells $10.3M Worth of Tencent Music Entertainment Group Shares

Guavy AI Editorial Team
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The Swiss National Bank recently reduced its holdings in Tencent Music Entertainment Group Sponsored ADR (NYSE:TME) by 11.6% in the first quarter, according to a recent SEC filing.

This reduction in ownership resulted in the Swiss National Bank owning approximately 0.07% of Tencent Music Entertainment Group worth $10,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also been buying or selling shares of TME. For example, Allworth Financial LP increased its position in Tencent Music Entertainment Group by 63.2% in the third quarter, owning 1,480 shares valued at $35,000.

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