Gateway Cuts Johnson & Johnson Holdings Amid Quarter-End Rebalancing
Johnson & Johnson's $JNJ stock holdings decreased by 5.0% in the second quarter, according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). Gateway Investment Advisers LLC owned 408,642 shares of JNJ after selling 21,428 shares during the period.
The firm's position in Johnson & Johnson accounts for about 1.0% of Gateway Investment Advisers LLC's holdings, making it its 15th largest position. The value of their holdings was $103,783,000 at the end of the reporting period.
Other institutional investors have also made changes to their stakes in JNJ recently. Blueline Advisors LLC acquired a new stake in Johnson & Johnson during the fourth quarter valued at $25,000.