Procter & Gamble Stake Cut by Caisse de depot et placement du Quebec
Caisse de depot et placement du Quebec has reduced its stake in Procter & Gamble (NYSE:PG) by 27.1% in the second quarter, according to a recent SEC filing. The fund now owns 1,438,702 shares of PG's stock, valued at $210.97 million.
The investment firm sold 534,277 shares during the quarter, bringing its total stake down from approximately 0.06% of Procter & Gamble's market capitalization. This move is part of a larger trend in which institutional investors have been adjusting their positions in the company.
Other investors, including E Fund Management Hong Kong Co. Ltd. and Park Square Financial Group LLC, have also made significant changes to their stakes in Procter & Gamble. These moves come as the company's stock price has fluctuated, with a 52-week low of $137.62 and a 52-week high of $167.25.