Stocks
CPPIB Reduces Stake in Procter & Gamble by 14.0%
Canada Pension Plan Investment Board (CPPIB) has reduced its stake in Procter & Gamble Company by 14.0% during the second quarter, according to a recent SEC filing.
The firm owned 3,761,766 shares of PG after selling 610,281 shares during the quarter, representing 0.16% of Procter & Gamble's outstanding stock worth $551,625,000 as of its most recent SEC filing.
This is part of a broader trend in which institutional investors have increased their holdings in PG: BlackRock Inc., for example, acquired a new position in shares of Procter & Gamble during the second quarter worth about $27,862,105,000.