Stocks
Fifth Third Trims Stake in Nike Amid Mixed Market Sentiment
Fifth Third Bancorp has reduced its stake in NIKE, Inc. (NKE) by 6.7% during the second quarter, according to a recent SEC filing.
The fund sold 56,133 shares of NKE's stock during the quarter, bringing its total ownership down to 778,646 shares.
At the end of the most recent quarter, Fifth Third Bancorp owned about 0.05% of NIKE worth $31,963,000.
In contrast, other hedge funds have increased their stakes in NKE during the same period.