Merck Stake Reduced as Summit Global Investments Sells Shares
Summit Global Investments has sold 15,559 shares of Merck & Co., Inc. (NYSE:MRK), reducing its stake by 23% during the second quarter.
The fund owned 52,039 shares after selling the shares, valued at $6,687,000 at the end of the quarter.
This is not an isolated incident, as several other institutional investors have also bought and sold shares of Merck & Co., Inc. in recent quarters.