Procter & Gamble Sees Increased Hedge Fund Interest

Cornerstone Advisors LLC has acquired a new position in shares of Procter & Gamble Company (The) ($PG). In its most recent filing with the Securities and Exchange Commission, Cornerstone Advisors revealed that it purchased 142,251 shares during the second quarter. This purchase was valued at approximately $20,860,000.

This is not an isolated instance; other hedge funds have also modified their holdings of Procter & Gamble in the same quarter. Tortoise Investment Management LLC acquired a new stake worth $361,000, while Aegis Wealth Management LLC and Pavion Blue Capital LLC purchased stakes valued at $285,000 and $4,790,000 respectively.

UNIVEST FINANCIAL Corp also acquired a new stake in Procter & Gamble during the second quarter, with a value of around $3,478,000. Grandfield & Dodd LLC acquired a new stake worth $17,604,000.