Ally Financial Doubles Down on Nike with $5.4M Investment

Ally Financial Inc. has taken a significant position in NIKE, Inc. (NYSE:NKE) by acquiring 133,000 shares of the footwear maker's stock during the second quarter.

The value of these shares is approximately $5,460,000 and represents a new investment for Ally Financial Inc.

Several other institutional investors have also adjusted their stakes in NIKE, including Brighton Jones LLC which increased its holdings by 388.5% in the fourth quarter and Caxton Associates LLP which acquired a new position in the first quarter.