Stocks
Merck Stock Sees Institutional Shift as Corient Cuts Holdings
Corient Private Wealth LP has reduced its stake in Merck & Co., Inc. (NYSE:MRK) by selling shares in the second quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 2,391,313 shares of the company's stock after disposing of 36,963 shares during the period, representing a 1.5% decrease in its position.
Corient Private Wealth LP's holdings in Merck & Co., Inc. were worth $307,318,000 at the end of the most recent quarter, accounting for 0.10% of the company's outstanding shares.