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NMERB Boosts Stake in Walmart with $25M Investment

Guavy AI Editorial Team
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WMT
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New Mexico Educational Retirement Board (NMERB) recently increased its stake in Walmart Inc. (NASDAQ:WMT), acquiring an additional 16,600 shares during the second quarter.

The total number of WMT shares owned by NMERB rose to 218,079, representing a notable 8.2% increase in their position.

This significant investment in Walmart is part of NMERB's broader portfolio, which comprises approximately 0.6% of the board's holdings.

The value of these shares at the end of the most recent reporting period was $24,700,000.

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