Barlow Wealth Boosts Stake in Salesforce Amid Ongoing Rally

Barlow Wealth Partners LLC has increased its stake in Salesforce Inc. (NYSE:CRM) by 44% during the second quarter, according to a recent filing with the Securities & Exchange Commission.

The fund now owns 95,913 shares of the CRM provider's stock, valued at $15,977,000, and comprises 1.7% of Barlow Wealth Partners LLC's holdings, making it its 27th biggest position.

Other institutional investors have also recently bought or sold shares of Salesforce, including Fred Alger Management LLC, which lifted its stake by 0.3%, Synergy Financial Group LTD, which increased its holding by 2.4%, and Krane Funds Advisors LLC, which raised its position by 0.7%.

Salesforce has seen a significant rally in recent times, with the stock reaching a 1-year high of $269.11 and a market capitalization of $217.38 billion.