Birmingham Capital Management Invests $2.8M in Merck & Co.

Birmingham Capital Management Co. Inc. AL has acquired a new stake in Merck & Co., Inc. (NYSE:MRK) worth approximately $2,843,000.

The investment firm purchased 22,128 shares of the company's stock during the second quarter, making it its 27th largest holding, which comprises about 1.1% of Birmingham Capital Management Co. Inc. AL's portfolio.

This is not an isolated case as several other hedge funds and institutional investors have also recently bought or sold shares of Merck & Co., Inc.