NewEdge Advisors Cuts Stake in Procter & Gamble Amid Institutional Investor Activity

NewEdge Advisors LLC has reduced its stake in Procter & Gamble Company (The) by 14.6% during the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,850 shares of the company's stock after selling 54,725 shares during the period.

NewEdge Advisors LLC's holdings in Procter & Gamble were worth $46.76 million at the end of the most recent reporting period. This is not an isolated instance, as several other institutional investors have also modified their holdings of the stock.

California State Teachers Retirement System raised its position in shares of Procter & Gamble by 14,323.0% in the 2nd quarter and now owns 516,914,798 shares of the company's stock valued at $75,800,386,000.