Royal London Boosts Stake in Procter & Gamble by 2.2%
Royal London Asset Management Ltd. recently increased its stake in Procter & Gamble Company (The) by 2.2% during the second quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor now owns 1,713,412 shares of the company's stock after purchasing an additional 36,195 shares during the quarter. This represents about 0.07% of Procter & Gamble worth $251,255,000 as of its most recent filing with the SEC.
This is not an isolated instance; several other institutional investors also modified their holdings in PG. Mufg Securities Americas Inc., for example, increased its holdings in Procter & Gamble by 9.1% during the second quarter and now owns 70,134 shares of the company's stock worth $10,284,000.