Metzler Trims Merck Stake, Selling Over 11,700 Shares
B. Metzler seel. Sohn & Co. AG has trimmed its position in Merck & Co., Inc. (NYSE:MRK) by selling 11,777 shares during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 443,208 shares of the company's stock after the sale and had a market value of $56,952,000 as of its last SEC filing.
This is not an isolated incident; several other hedge funds and institutional investors have also made changes to their positions in Merck & Co., Inc. during the second quarter.