Mitsubishi UFJ Invests Heavily in Cisco Systems Amid Strong Earnings
Mitsubishi UFJ Asset Management Co. Ltd., a significant institutional investor, has increased its stake in Cisco Systems, Inc.
The company disclosed to the SEC that it purchased 10,176,574 shares of Cisco's stock in the second quarter, valued at approximately $1,195,320,000.
This new position represents about 0.7% of Mitsubishi UFJ Asset Management Co. Ltd.'s portfolio and is its 27th largest holding.