Stocks
Bank of New York Mellon Invests $2.28 Billion in Procter & Gamble
Bank of New York Mellon Corp has made a significant investment in Procter & Gamble Company, purchasing $2.28 billion worth of shares in the second quarter. The bank bought 15,558,541 shares of the company's stock, valued at approximately $2,281,505,000.
This represents a new stake for Bank of New York Mellon Corp in Procter & Gamble Company, and it now owns 0.67% of the company's outstanding shares. The investment is part of a larger trend in which various hedge funds have been adding to their stakes in Procter & Gamble.
Other notable investors who have increased their holdings in Procter & Gamble include Brighton Jones LLC, Taylor Financial Group Inc., and Sivia Capital Partners LLC.