Integrated Wealth Concepts Doubles Down on Procter & Gamble Amid Earnings Worries

Integrated Wealth Concepts LLC has increased its stake in Procter & Gamble (PG) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

The fund owned 233,351 shares of the company's stock after purchasing an additional 44,066 shares during the quarter, making their holdings in Procter & Gamble worth $34.219 million as of its most recent SEC filing.

This is not the only significant change in ownership for PG; other hedge funds have also made notable moves. Brighton Jones LLC increased its stake by 51.5% during the fourth quarter and now owns 40,068 shares valued at $6.717 million.