Diversified Trust Co. Cuts Stake in Procter & Gamble by Over Half
Diversified Trust Co., a notable institutional investor, has made changes to its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report). According to its latest Form 13F filing with the Securities & Exchange Commission, Diversified Trust Co. reduced its holdings in shares of Procter & Gamble by 52.1% during the 2nd quarter.
The fund owned 55,420 shares of the company's stock after selling 60,393 shares during the quarter. The value of Diversified Trust Co.'s holdings in Procter & Gamble was $8,127,000 as of its most recent filing with the Securities & Exchange Commission.
This move is part of a broader trend in the market, where institutional investors and hedge funds are adjusting their stakes in various companies. In addition to Diversified Trust Co., other notable investors have also made changes to their holdings in Procter & Gamble.