Elite Wealth Management Cuts Microsoft Stake by 4.2%

Elite Wealth Management Inc., a prominent institutional investor, has reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 4.2% in the first quarter.

The company's latest Form 13F filing with the SEC reveals that Elite Wealth Management sold 10,454 shares of MSFT during the quarter, reducing their ownership to 236,280 shares.

This represents a significant portion of their investment portfolio, making up approximately 28.4% of their holdings.

According to the filing, the value of their Microsoft stake was $87,464,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their MSFT holdings in recent quarters, with WFA Asset Management Corp. increasing its stake by 27% and Discipline Wealth Solutions LLC lifting its position by 410.4%.