Merck Stake Trimmed by CX Institutional as Other Investors Boost Holdings
CX Institutional significantly reduced its position in Merck & Co., Inc. (NYSE:MRK) by selling 59,787 shares in the third quarter.
The fund owned 35,530 shares of the company's stock after the sale, worth $5,163,000 at the end of the most recent quarter.
This is not an isolated incident; several other institutional investors and hedge funds have also added to or reduced their stakes in Merck & Co., Inc. recently.