Beverly Hills Private Wealth Cuts Stake in Merck & Co., Inc.

Beverly Hills Private Wealth LLC cut its stake in Merck & Co., Inc. (NYSE:MRK) by 59.7% in the second quarter, according to a recent disclosure with the Securities and Exchange Commission.

The fund owned 5,600 shares of the company's stock after selling 8,299 shares during the quarter. The holdings in Merck & Co., Inc. were worth $720,000 as of its most recent filing with the SEC.

This move by Beverly Hills Private Wealth LLC is not unique, as several other hedge funds and institutional investors have also adjusted their positions in MRK stock this year.