JNJ Institutional Investors Pile In Amid Dividend Hike
Johnson & Johnson's stock price has been on an upward trend lately, and institutional investors are taking notice. Interchange Capital Partners LLC recently increased its position in JNJ by 175.7% in the second quarter, according to a Form 13F filing with the Securities & Exchange Commission.
The company now owns 13,368 shares of Johnson & Johnson's stock after buying an additional 8,520 shares during the quarter. This represents about 0.6% of Interchange Capital Partners LLC's holdings, making JNJ its 26th biggest holding.
Johnson & Johnson's quarterly dividend was recently increased by 3.1%, bringing the annual payout to $5.36 per share and extending its dividend-growth streak to 64 consecutive years.