Cardano Cuts Holdings in Procter & Gamble

Cardano Risk Management B.V., an institutional investor, has adjusted its holdings in Procter & Gamble Company (The) shares. In a recent filing with the Securities and Exchange Commission, it was revealed that Cardano reduced its stake in Procter & Gamble by selling 170,280 shares during the second quarter.

This sale resulted in Cardano owning 779,511 shares of the company's stock after the end of the most recent quarter. The total value of these holdings was approximately $114,307,000.

The reduction in Cardano's stake in Procter & Gamble follows other adjustments made by various hedge funds and institutional investors. For instance, Carson Advisory Inc. grew its position in Procter & Gamble shares by 0.5% during the fourth quarter.