Amundi Cuts Stake in Merck & Co., Inc.

Amundi reduced its stake in shares of Merck & Co., Inc. (NYSE:MRK) by 10.3% during the second quarter, according to a recent 13F filing with the SEC.

The institutional investor owned 12,342,274 shares of the company's stock after selling 1,422,680 shares during the quarter. Amundi owned 0.50% of Merck & Co., Inc. worth $1,585,980,000 as of its most recent SEC filing.

This is not an isolated instance of a large investor modifying their holdings in MRK. Several other institutional investors have also recently made changes to their stakes in the company, including Kingdom Financial Group LLC, Abound Financial LLC, and Prosperity Bancshares Inc.