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Russell Investments Boosts Stake in Nike by 15.2%

Guavy AI Editorial Team
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NKE
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Russell Investments Group Ltd., a financial services company, has increased its stake in NIKE, Inc. (NYSE:NKE) by buying an additional 70,944 shares during the 2nd quarter.

This move represents a 15.2% increase in Russell's holdings in the footwear maker. At the end of the most recent quarter, the fund owned 538,246 shares of NIKE's stock, valued at $22,102,000.

The institutional investors' enthusiasm for NIKE is evident from their purchases during the 1st and 4th quarters. Scarborough Advisors LLC bought a new position in NIKE worth $25,000, while Cornerstone Financial Management LLC purchased a new position in NIKE valued at $26,000.

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