Stocks
NewEdge Wealth LLC Cuts Microsoft Stake
NewEdge Wealth LLC has reduced its position in Microsoft Corporation (NASDAQ:MSFT) by 2.5% in the first quarter, according to a recent SEC filing.
The firm sold 19,636 shares during the quarter, leaving it with 768,837 shares of MSFT's stock. This decrease is significant, considering that Microsoft comprises approximately 3.4% of NewEdge Wealth LLC's holdings, making it the company's third largest position.
NewEdge Wealth LLC's holdings in Microsoft were worth $284,601,000 at the end of the most recent quarter. The firm has not disclosed its reasons for reducing its stake in the software giant.