Stocks
Merck & Co., Inc. Stake Reduced by LS Investment Advisors LLC
LS Investment Advisors LLC reduced its stake in Merck & Co., Inc. (NYSE:MRK) by nearly 28% during the second quarter, according to a recent filing with the Securities and Exchange Commission.
The fund owned approximately $2.88 million worth of MRK shares after selling 8,755 shares during the quarter, ending with a total of 22,418 shares.
This decrease in ownership is not an isolated incident, as other major investors have also made adjustments to their positions in Merck & Co., Inc. during the fourth quarter.