Northwestern Mutual Cuts Stake in Merck & Co.
A recent filing shows that Northwestern Mutual Wealth Management Co. reduced its stake in Merck & Co., Inc. by selling 40,376 shares in the second quarter.
The company now owns 386,735 shares of Merck & Co., Inc.'s stock, worth approximately $49.7 million, following the sale.
This move is part of a larger trend among institutional investors, with several major funds increasing their stakes in Merck & Co., Inc. during the quarter.