BIP Wealth Invests $3.62 Million in Procter & Gamble Company

BIP Wealth LLC has acquired a new position in Procter & Gamble Company (The) (NYSE:PG), investing $3.62 million in the company's stock. According to its most recent 13F filing with the Securities and Exchange Commission, BIP Wealth acquired 24,655 shares of the company's stock, valued at approximately $3.62 million.

The institutional investor is not alone in its investment in Procter & Gamble, as several other institutional investors and hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd., for example, increased its holdings in Procter & Gamble by 1,000% in the fourth quarter, while Park Square Financial Group LLC boosted its stake in the company's stock by 65.1% during the same period.