Swiss National Bank Trims Stake in Yum China
The Swiss National Bank reduced its stake in Yum China (NYSE:YUMC) by selling 123,559 shares during the first quarter, according to a recent SEC filing. The fund's holdings in Yum China decreased by 15.2% after this transaction.
At the end of the most recent quarter, Swiss National Bank owned 686,774 shares of Yum China's stock, which accounted for 0.20% of the company's total value and was worth $33,764,000. This significant stake in Yum China demonstrates the bank's confidence in the quick-service restaurant chain.
Several other institutional investors and hedge funds have also increased their stakes in Yum China during this quarter. Main Street Group LTD acquired a new position in shares of Yum China worth $26,000, while Duncker Streett & Co. Inc. bought a new position in the company during the 4th quarter worth $26,000.