Stocks
Baird Cuts Stake in 3M
Baird Financial Group Inc., a financial services company, has reduced its stake in 3M Company (NYSE:MMM) by selling 44,566 shares during the second quarter. The institutional investor now owns 145,463 shares of the conglomerate's stock, valued at $23,552,000 as of its most recent SEC filing.
This reduction represents a 23.5% decrease in Baird Financial Group Inc.'s holdings in 3M Company. Other institutional investors have also made adjustments to their positions in the company during this period.
One notable example is Brighton Jones LLC, which increased its stake in 3M by 26.6% in the fourth quarter and now owns 8,898 shares valued at $1,149,000.