Stocks
Citizens Acquires Significant Stake in Procter & Gamble
Citizens Financial Group Inc. RI acquired a significant stake in Procter & Gamble Company (The) during the second quarter of this year, according to its recent SEC filing.
The fund purchased approximately 654,418 shares of PG's stock, valued at around $95,964,000, making it the company's 14th biggest holding, accounting for about 1.2% of Citizens Financial Group Inc. RI's investment portfolio.
This is not an isolated move; a number of other hedge funds have also adjusted their holdings in Procter & Gamble recently. For instance, E Fund Management Hong Kong Co. Ltd. increased its stake by 1000%, while Park Square Financial Group LLC boosted its holding by 65.1%.