Papamarkou Wellner Asset Management Inc. Buys $1.95 Million Stake in Procter & Gamble
Papamarkou Wellner Asset Management inc., a financial institution, has acquired a new stake in Procter & Gamble Company (The) (NYSE:PG). According to its most recent 13F filing with the Securities and Exchange Commission (SEC), the company purchased 11,678 shares of the consumer goods giant's stock, valued at approximately $1.95 million.
This acquisition accounts for about 0.4% of Papamarkou Wellner Asset Management inc.'s holdings, making Procter & Gamble its 26th biggest position.
The institutional investor's stake in Procter & Gamble is just the latest move by a large number of investors who have been increasing their positions in the company recently. Other notable investors include BlackRock Inc., State Street Corp, Geode Capital Management LLC, and Norges Bank.