PG Stock Sees Significant Ownership Shifts

Procter & Gamble's (PG) stock price has seen some significant activity lately. According to MarketBeat, Arrowstreet Capital Limited Partnership sold a substantial amount of shares in the company during the first quarter.

The fund reduced its stake by 92.1%, selling 1,143,867 shares. This left them with 98,542 shares worth $14,233,000 as of their most recent SEC filing.

This is just one example of the various changes in ownership that have been taking place at Procter & Gamble. Norges Bank acquired a new stake in the company's shares in the fourth quarter, valued at about $4,664,783,000.

Cardano Risk Management B.V. also increased its position in PG by 1,104.8% during the same period, buying an additional 8,731,126 shares.