Envestnet Sells 9,000 Shares of 3M Amid Quarter's Earnings Release

Envestnet Asset Management Inc., an institutional investor, has disclosed that it sold 8,957 shares of 3M Company (NYSE:MMM) during the second quarter. The sale reduced Envestnet's holdings in MMM by 3.1%. As of its most recent SEC filing, Envestnet owned about 0.05% of 3M, valued at $45,492,000.

State Street Corp also made a move on 3M during the second quarter, lifting its holdings by 0.4% and now owning 27,828,966 shares valued at $4,505,788,000. This is just one of several institutional investors that have bought or sold 3M stock in recent months.

In a separate transaction, 3M insider Karin Chavez sold 3,635 shares on August 5th at an average price of $182.51. Following the sale, Chavez directly owned 14,035 shares in the company, valued at $2,561,527.85.