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NewEdge Wealth LLC Invests Heavily in Walmart Inc.

Guavy AI Editorial Team
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WMT
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NewEdge Wealth LLC made a new investment in Walmart Inc. (NASDAQ: WMT) during the second quarter, buying 140,145 shares of the retailer's stock valued at approximately $15.87 million.

This is not an isolated case; other hedge funds have also been active in their stakes in Walmart. Norges Bank bought a new stake in Walmart in the fourth quarter with a value of $6.46 billion.

AQR Capital Management LLC boosted its stake in Walmart by 188% during the third quarter and now owns 11,663,172 shares worth over $1.2 billion.

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