Merck Stock Gains as Hedge Funds Increase Stakes
Benjamin Edwards Inc., a fund manager, increased its stake in Merck & Co., Inc. (NYSE:MRK) by 36.3% during the second quarter.
The company's holdings in Merck were worth $28.8 million at the end of the most recent quarter.
This is not an isolated instance; several other hedge funds have also boosted their positions in Merck.