Microsoft Stake Reduced by Institutional Investor Lavaca Capital LLC
Lavaca Capital LLC recently reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 32% during the first quarter, according to a recent filing with the Securities and Exchange Commission.
The institutional investor sold 3,053 shares of Microsoft stock during the quarter, bringing its total holdings to 6,498 shares, which is valued at $2.4 million.
Microsof comprises approximately 0.4% of Lavaca Capital LLC's investment portfolio, making it their 22nd largest holding.