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Empowered Funds Buys Major Stake in Procter & Gamble for $53.5 Million

Guavy AI Editorial Team
Instruments
PG
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A recent filing with the Securities & Exchange Commission revealed that Empowered Funds LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG), purchasing 365,172 shares valued at approximately $53.549 million.

According to the disclosure, this is the fund's first purchase of PG stock, marking its entry into the company's portfolio.

The transaction took place during the second quarter and added a significant chunk to Empowered Funds LLC's assets.

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