Stocks
EP Wealth Advisors Takes $20.93M Stake in Salesforce Amid Growing Institutional Interest
EP Wealth Advisors LLC has acquired a significant stake in Salesforce Inc. (NYSE:CRM) worth $20.93 million, according to its latest SEC filing.
The fund purchased 133,602 shares of the CRM provider's stock during the second quarter, marking a new investment in the company.
This move is part of a broader trend of institutional investors increasing their stakes in Salesforce, with BlackRock Inc. purchasing a new position valued at approximately $11.396 billion during the same period.
Other notable investors, such as J. Stern & Co. LLP and Norges Bank, have also boosted their positions in the company, with Arrowstreet Capital Limited Partnership growing its stake by 130.2% in the first quarter.