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Russell Investments Group Boosts Stake in Nike with Additional Share Purchase

Guavy AI Editorial Team
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NKE
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Russell Investments Group Ltd., a significant institutional investor, has increased its stake in Nike (NYSE:NKE) by buying an additional 70,944 shares during the second quarter. This move represents a 15.2% increase in Russell's holdings of Nike stock.

At the end of the most recent quarter, Russell's holdings in Nike were valued at $22,102,000. The company now owns a total of 538,246 shares of Nike's stock.

This is not an isolated instance of institutional investors buying into Nike. Several other investment firms have also increased their stakes in the company, including Scarborough Advisors LLC and J.Safra Asset Management Corp.

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