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Great Lakes Advisors Trims Stake in Procter & Gamble Following Earnings Beat

Guavy AI Editorial Team
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PG
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Great Lakes Advisors LLC has reduced its stake in Procter & Gamble Company (The) (NYSE:PG) by 15.4% during the second quarter, according to a recent filing with the Securities and Exchange Commission.

The institutional investor sold 53,231 shares of the company's stock, reducing its holdings to 291,315 shares worth $42,719,000 as of the end of the period.

This move comes amidst other changes in the market, including a boost by Cibc World Market Inc. in its holdings of Procter & Gamble by 40.6% during the fourth quarter, resulting in an additional 147,701 shares worth $73,351,000.

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