Andra AP Fonden Sells Large Stake in 3M

Andra AP fonden, a Swedish investment fund, has reduced its stake in 3M Company (NYSE:MMM) by selling off 91,800 shares in the second quarter. This represents a decrease of 55.3% compared to their holdings at the end of the previous period.

The fund now owns 74,293 shares of 3M's stock, valued at $12,029,000. State Street Corp and Amundi also increased their stakes in 3M during the same quarter, with State Street Corp purchasing an additional 105,222 shares and Amundi acquiring 1,819,178 more.

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC, lifted its holdings by 7.4% in the second quarter, while SG Americas Securities LLC boosted its stake by an impressive 653.6% in the first quarter.