Stocks
Bank of NY Mellon Cuts Stake in Nike by Nearly Half
Bank of New York Mellon Corp significantly reduced its stake in NIKE, Inc. (NYSE:NKE) during the second quarter by selling 8,307,074 shares.
This represents a 54.6% decrease in their position and brings their total holdings to 6,896,401 shares.
The company's value of $283,097,000 is approximately 0.46% of NIKE's outstanding stock.
Other institutional investors and hedge funds have made changes to their stakes in the company, with some adding new positions while others reduced theirs.