Community Bank N.A. Lifts Stake in Salesforce Inc.
Community Bank N.A. has increased its stake in Salesforce Inc. (NYSE:CRM) by 20.8% in the second quarter, according to a recent SEC filing.
The fund owned 16,468 shares of CRM provider's stock after acquiring an additional 2,836 shares during the quarter.
Community Bank N.A.'s holdings in Salesforce were worth $2,580,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also made changes to their positions in Salesforce during the second quarter. NewEdge Advisors LLC lifted its stake by 6.6% to 90,082 shares valued at $14,112,000. IFP Advisors Inc increased its stake by 9.8% to 34,622 shares worth $5,424,000.
Bank OZK and Empirical Finance LLC also bought more shares of Salesforce during the quarter, with Bank OZK increasing its stake by 7.0% to 3,754 shares valued at $588,000.