Citizens Financial Group Cuts Stake in Merck & Co., Inc.

Citizens Financial Group Inc.'s RI has reduced its stake in Merck & Co., Inc. by selling 7,749 shares in the second quarter, according to a recent filing with the Securities and Exchange Commission.

The institutional investor now owns 261,913 shares of the company's stock after the sale, which was worth $33,656,000 at the end of the most recent quarter.

Meanwhile, other institutional investors have been increasing their stakes in Merck & Co., Inc. Brighton Jones LLC increased its stake by 29.5% in the fourth quarter and now owns 38,278 shares of the company's stock worth $3,808,000.

MERCK has seen a surge in price over the past month, gaining roughly 19%, and is currently trading near its 52-week high.