Advisors Management Group Inc. Cuts Stake in Merck & Co., Inc.
Advisors Management Group Inc. ADV has reduced its stake in Merck & Co., Inc. (NYSE:MRK) by 95% after selling 48,510 shares during the second quarter.
The fund owned 2,579 shares of Merck's stock worth $331,000 as of the most recent SEC filing.
This move is part of a larger trend in which institutional investors have been adjusting their positions in MRK.