Allworth Financial Trims Stake in Procter & Gamble

Allworth Financial LP has trimmed its stake in Procter & Gamble Company (The) by 3.0% in the second quarter, according to a recent SEC filing.

The fund sold 12,209 shares during the quarter, leaving it with 393,037 shares of the company's stock worth $57,635,000 at the end of the most recent reporting period.

Other hedge funds have also made adjustments to their stakes in PG. E Fund Management Hong Kong Co. Ltd. grew its holdings by 1,000% in the fourth quarter and now owns 165 shares of the company's stock worth $25,000 after purchasing an additional 150 shares during the last quarter.

Procter & Gamble (NYSE:PG) recently declared a quarterly dividend of $1.0885 per share, which equals approximately $4.35 annually and a 3.0% yield.