Envestnet Increases Stake in Procter & Gamble
Financial services firm Envestnet Portfolio Solutions Inc. has increased its holdings in Procter & Gamble Company (The) (NYSE:PG), buying an additional 26,959 shares during the second quarter.
The company's stake in Procter & Gamble now stands at 175,489 shares, valued at $25,724,000 as of the latest SEC filing.
This move comes amidst a larger trend of institutional investors increasing their holdings in Procter & Gamble. BlackRock Inc., for instance, bought a new position in Procter & Gamble worth about $27,862,105,000 in the second quarter.