NewEdge Boosts Stake in Coca-Cola

NewEdge Advisors LLC has increased its stake in Coca-Cola Company (The) by 11.3% to 601,604 shares, according to a recent Form 13F filing with the Securities and Exchange Commission.

The firm's holdings are now worth $48,892,000. This acquisition is part of a trend where institutional investors have been increasing their positions in Coca-Cola.

In fact, 70.26% of Coca-Cola's stock is currently owned by institutional investors. Other notable changes include Brighton Jones LLC boosting its holdings by 13.3%, and Osterweis Capital Management Inc. raising its position by a whopping 548.2%