PG Institutional Ownership Boosted by QRG Capital Management
Procter & Gamble Company (The) $PG saw its institutional ownership boost in the second quarter as QRG Capital Management Inc. increased its stake by 8.2%. The investor purchased an additional 28,048 shares during this period, bringing its total holdings to 370,300 shares worth approximately $54.3 million.
Q&G's portfolio includes essential brands such as Tide laundry detergent and Gillette razors, which have been viewed as relatively resilient in the face of calm inflation. This has led to a positive sentiment surrounding consumer staples companies like P&G.
In addition to QRG Capital Management Inc., other institutional investors also increased their stakes in Procter & Gamble during the fourth quarter. These include Carson Advisory Inc., Cary Street Partners Investment Advisory LLC, and Lorne Steinberg Wealth Management Inc., who collectively acquired more shares of $PG.